BP's Simpler Strategy to Increase Shareholder Value, Chief Executive Says

Dow Jones

Mar 10, 2025

--BP is reallocating spending toward its highest-returning businesses and will form innovative partnerships to reduce capital investment in low-carbon energy assets, the oil-major's Chief Executive Murray Auchincloss wrote in the Times of London.

--Auchincloss said BP's previous strategy was overly optimistic and went too far and too fast, according to the Times. The fundamentally reset business will focus on growing long-term value for shareholders, he added.

--BP will only build businesses that deliver lower-carbon energy just as competitively as its traditional businesses, he said.

Full story: https://shorturl.at/48R0N

Write to Adam Whittaker at adam.whittaker@wsj.com

(END) Dow Jones Newswires

March 10, 2025 04:32 ET (08:32 GMT)

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The fundamentally reset business will focus on growing long-term value for shareholders, he added. \n</p>\n<p>\n  --BP will only build businesses that deliver lower-carbon energy just as competitively as its traditional businesses, he said. \n</p>\n<pre>\n \n</pre>\n<p>\n  Full story: https://shorturl.at/48R0N \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Adam Whittaker at adam.whittaker@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 10, 2025 04:32 ET (08:32 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4596","symbol_name":"哈里斯概念","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2518218435","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2518218435","pubTimestamp":1741595520,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"--BP is reallocating spending toward its highest-returning businesses and will form innovative partnerships to reduce capital investment in low-carbon energy assets, the oil-major's Chief Executive Murray Auchincloss wrote in the Times of London.--Auchincloss said BP's previous strategy was overly optimistic and went too far and too fast, according to the Times. 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The fundamentally reset business will focus on growing long-term value for shareholders, he added. \n\n\n  --BP will only build businesses that deliver lower-carbon energy just as competitively as its traditional businesses, he said. \n\n\n \n\n\n  Full story: https://shorturl.at/48R0N \n\n\n \n\n\n  Write to Adam Whittaker at adam.whittaker@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 10, 2025 04:32 ET (08:32 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}