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BP looks to hire two more directors under oil-focused strategy

Oil & Gas 360ยบ

BPs chair Helge Lund now looks to respond to investor pressure, especially from activist investor Elliott Management, to strengthen the board. It wasnt immediately clear whether BP has consulted on possible new hires with Elliott Management, which has demanded changes in strategy or even board reshuffles.

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BPโ€™s Big U-Turn: Why Is the Energy Giant Returning to Oil and Gas? Shell, Equinor, and Exxon Are Making the Same

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million barrels per day by 2030. Several new major oil and gas projects are set to launch by the end of 2027. Investor Demands for Stronger Financial Performance BP has faced pressure from activist investor Elliott Management, which took a $4 billion stake in the company to push for higher returns. million and 2.5

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