Activist investor doubles down on calls for executive changes at BP

Investor seeks answers after BP says it was pulling back on its oil and gas output goals. (Image: BP)

Tue, 15 Oct 2024

By Dominic ChoppingUK activist investor Bluebell Capital Partners is doubling down on its call for BP to remove its chairman and lead independent director, while urging the company to comment on a media report that detailed a further change in the oil company’s strategy.Reuters reported last week that BP abandoned a target to cut oil and gas output by 2030, with chief executive Murray Auchincloss reining in the firm’s energy transition targets to regain investor confidence.BP said it doesn’t comment on speculation.BP CEO Murra...

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