Shell's robust rejection of these reports appears to have, for now, thrown cold water on a potential takeover bid for BP.

Chief executive Murray Auchincloss said: “ Building on the actions taken in the last 12 months, we now plan to fundamentally reset our strategy and drive further improvements in performance, all ...

BP CEO Murray Auchincloss pledged on Tuesday to fundamentally reset the company's strategy as it reported a 35% fall in annual profits, missing analysts' expectations.

BP has shifted its strategy back to oil and gas production under new CEO Murray Auchincloss, aiming for 2.5 million bpd by 2030. Click to read why BP is a Buy.

BP said profit fell more than expected and that it would reset its strategy, days after reports that activist hedge fund Elliott Management is pushing for change at the company.

Murray Auchincloss, the chief executive of the struggling energy giant BP, promised “a fundamental reset” of the company’s strategy on Tuesday while reporting disappointing earnings.

BP to boost oil and gas spending by $10B, slash renewable investment in major strategy shift BP CEO Murray Auchincloss pledges 'unwavering focus on growing long-term shareholder value' ...

BP has abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scales back the firm’s energy transition strategy to regain investor confidence, three sources with ...

BP will slash over 5% of its global workforce as part of CEO Murray Auchincloss’ efforts to reduce costs and rebuild investor confidence after the energy giant was rocked by scandal, the company ...