BP to “restore” the strategy after the pressure of the investors, says the CEO
Tuesday Murray Auchincloss, CEO of the Energy Giant in difficulty, promised a "fundamental restoration" of the company's strategy on Tuesday while reporting of disappointing earnings.The move comes after a long period of unconventional sharing performance compared to its peers in the sector. The weak price of BP actions attracted the interests of Elliott Investment Management, a hedge fund known for shaking its objectives in an attempt to improve the value of shareholders.Auchincloss is reserving the details of the BP shift for a presentation to investors on February 26, but analysts seem to have few doubts about his direction.It is likely that BP reduces expenses for low -emission energy technologies such as wind and hydrogen and trying to increase oil and natural gas production. "We woul...