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The Latest Breaking News from Murray Auchincloss

Time for BP’s chair to head for the exit

Helge Lund is too closely tied to share price failure and BP’s inability to carry its investors with it

The Guardian - UK

BP Pledges Strategic 'Reset' As Profit Tumbles

Britain's BP on Tuesday said its annual net profit slumped 97 percent last year, as the struggling oil and gas giant pledged to "fundamentally reset" its strategy.

International Business Times

BP profits slump to four year low as activist shareholder circles

Disappointing results come weeks before major investor update on new strategy

Evening Standard

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BP chief says it will ‘fundamentally reset’ amid threat of activist investor

Murray Auchincloss promises improvements after annual profits fell to $8.9bn last year from almost $14bn in 2023

The Guardian - UK

BP shares jump after feared US hedge fund Elliott takes stake

Activist fund predicted to push for overhaul of oil company’s strategy and shake-up of board

The Guardian - UK

An existential risk: can BP avoid becoming a prime takeover target?

CEO has ‘narrow window’ to come up with positive shift in strategy to win back investor confidence, say analysts

The Guardian - UK

BP To Cut 5% Of Workforce In Cost-Cutting Drive

BP to reduce workforce by 5%, cutting 4,700 jobs and 3,000 contractor roles to enhance competitiveness and reduce costs.

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BP cutting 4,700 jobs worldwide as part of cost-saving drive

U.K.-based oil company is cutting 4,700 jobs worldwide and a further 3,000 contractor roles as part of a cost-saving drive

The Independent UK

Oil Giant BP Cuts Thousands Of Jobs To Slash Costs

British energy giant BP on Thursday said it would axe 4,700 staff jobs, or about five percent of its workforce, and is cutting thousands of contractor roles to reduce costs.

International Business Times

Fears for Scottish jobs as BP to slash global workforce numbers

BP HAS said it will cut 4700 jobs across its global workforce and 3000 contractor roles as part of a cost-saving drive, prompting concerns for…

The National (Scotland)

BP to cut 4,700 jobs and 3,000 contractor roles to help save £1.6bn

Oil company to lose 5% of its staff in effort to cut costs amid shareholder worries over green energy strategy

The Guardian - UK

BP to axe 4,700 jobs globally amid cost-cutting drive

The oil giant, which announced the cuts in a staff memo, has about 90,000 workers globally and 14,000 in the UK.

Evening Standard

BP announce plans to cut 4,700 jobs in £1.6bn cost-cutting drive

The energy firm is aiming to save two billion US dollars across two years

The Independent UK

BP delays investor event as boss Murray Auchincloss recovers after medical procedure

BP boss Murray Auchincloss is ‘recovering well’ and will be back in the office by February

The Independent UK

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Evening Standard

BP reveals boss recovering after medical procedure as it signals weaker trading

Chief executive Murray Auchincloss is ‘recovering well’ and will be back in the office by February, the group said.

The Guardian - UK

It’s tough at the top – but which business leader has the most at stake in 2025?

From post and planes to TV, phones and retail chains – and even a central bank – here are the chiefs facing the most testing of times

The Guardian - UK

BP shifts offshore wind to joint venture amid retreat from renewables

Energy company’s deal with Japan’s Jera will allow it to focus on exploiting oil and gas assets

The Guardian - UK

Investors need clarity on BP policy not boss’s weak promises

Shareholders still do not know if giant will jettison goal to cut oil and gas production by 25% by 2030

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The Guardian - UK

BP posts weakest quarterly profits in almost four years amid lower oil prices

Energy company says it plans to cut at least $2bn of cash costs from the business by the end of 2026

The Independent UK

BP profits slump as faltering demand hits refining margins

The energy giant said profits were down more than 30% compared with the same period a year earlier, amid faltering oil demand globally.

The Guardian - UK

BP ‘abandoning plan to cut oil output’ angers green groups

Reports of strategy reset leave campaigners saying company is prioritising profits over planet

International Business Times

Oil Giant BP Reports Tumbling Profits In First Half

BP on Tuesday announced tumbling profits for the first half, with the British oil and gas giant hit by depreciation of assets and falling revenue.

The Guardian - UK

BP has scaled back its green energy plans – don’t be surprised if it happens again

The oil major’s net zero plans have made it a sector leader but have yet to win over investors while fossil fuels are booming

The Guardian - UK

BP imposes hiring freeze and halts new offshore wind projects

New boss Murray Auchincloss reverses move away from fossil fuels, which had weighed on company’s share price

The Guardian - UK

BP staff risk sack if they fail to disclose intimate relationships with colleagues

New policy follows sacking of ex-CEO Bernard Looney with top managers given three months to report all relationships in past three years

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