BP’s Strategy Reset: Five Things to Watch as Elliott Circles
- CEO Murray Auchincloss will reveal strategy pivot on Wednesday
- Output growth, asset sales, debt and payouts are in focus
This article is for subscribers only.
BP Plc’s “fundamental reset” on Wednesday is the most highly anticipated strategy shift for an oil major in several years.
For the first time since taking the reins, Chief Executive Officer Murray Auchincloss will lay out his new vision, with the stakes high after Elliott Investment Management bought up about 5% of the company in order to push for big changes.