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

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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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Valor | Energy Connection โ€“ Feb. 24, 2025

Valor

per barrel, while WTI dropped 28 cents to $70.12 per barrel, following a $2 decline on Friday. Read more BP to abandon green energy target and ramp up oil Summary : BP will abandon its plan to expand renewable energy generation 20-fold by 2030, scrapping its target of reaching 50 gigawatts (GW) and maintaining its current 8.2

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Profits or Planet? BPโ€™s โ€˜New Beginningโ€™: The Shift from Low Carbon to Core Oil and Gas and Q4 2024 Results

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This comes amid reports that activist hedge fund Elliott Management has taken a stake in the British oil major, potentially pressuring the board and executives for higher shareholder returns. Elliott Managements rumored stake in the company has fueled speculation. From Looney to Auchincloss: Continuity or Clean Break?

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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. 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. The company aims to boost daily oil and gas production to between 2.3 million and 2.5

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The Great Energy Debate: Why the IEA's Peak Oil Forecast Might Be Completely Wrong - 23 Wrong Assumptions

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If GDP grows at the historical rate, oil demand would be at least 10 million barrels per day (mmbd) higher by 2035 than the IEA forecasts. trillion in clean energy investments per year by 2030, but this assumption ignores financial realities. Jet fuel demand will continue rising well beyond 2030. The IEA forecasts $4.5

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