BP, ExxonMobil Provide A Contrast In Energy Transition Strategies [Forbes]
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BP p.l.c. (BP)
Last bp p.l.c. earnings: 4/29 04:01 pm
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Source: Forbes
Chief Executive Officer Murray Auchincloss during a panel discussion at CERAWeek by S&P Global Tuesday, March 19, 2024 in Houston. (Kirk Sides/Houston Chronicle via Getty Images) Reuters reports that new BP CEO Murray Auchincloss that his company will impose a hiring freeze and pause investments in new wind energy projects in an effort to make the UK-based major more competitive and attractive to investors. The moves come amid from top BP shareholders over the company's strategies related to renewables and other investments aimed at improving its ESG ratings. The new internal strategy shift is a reversal from the aggressive investments in both onshore and offshore wind projects invoked by previous CEO Bernard Looney throughout his tenure, which began in February, 2020 and ended last December. BP's ambitious plans for wind developments offshore the US Atlantic coast ran into severe thanks to rapid inflation and supply chain issues. While BP appears to be enjoying better success w
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BP
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- 5/8/24 - Miss
BP
Sec Filings
- 6/24/24 - Form 11-K
- 6/20/24 - Form 6-K
- 6/20/24 - Form SD
- BP's page on the SEC website