- Insider Monkey
BP p.l.c. (NYSE:BP) Q1 2024 Earnings Call Transcript
BP p.l.c. (NYSE:BP) Q1 2024 Earnings Call Transcript May 7, 2024 BP p.l.c. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Craig Marshall: Well, thanks, everyone for joining BP’s First Quarter 2024 Results Call today. As you’ll be aware, we introduced […]
- Barrons.com
BP Is Ready to Make Acquisitions. Why It’s Looking Beyond Oil.
Mergers and acquisitions are the hottest theme in the oil industry today. British oil giant BP is looking at an acquisition too, the company revealed on Tuesday after reporting first quarter earnings. Asked by an analyst on the earnings call whether it would join peers in adding more oil capacity, BP CEO Murray Auchincloss said that the company wasn’t planning to go in that direction.
- Reuters
BP softens tone on 2030 oil output cut to reassure investors
BP softened the language on its pledge to cut its 2030 oil and gas output in an effort to reassure investors over its energy transition strategy and narrow a gaping value gap with rivals. CEO Murray Auchincloss has in recent months pivoted the London-based firm's strategy to focus heavily on returns. BP's shares today lag rivals Shell, TotalEnergies, Exxon Mobil and Chevron, based on a number of key metrics, reflecting concerns BP is not investing in the most profitable segments of its business, primarily oil and gas.
