Energy
BP CEO Focuses on Long Game After Shares Fall on Reset Plan
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BP Plc Chief Executive Officer Murray Auchincloss said he slept “like a baby” after unveiling the oil major’s turnaround program, confident that he could overcome a lukewarm reception from shareholders.
BP stock fell Wednesday following the much-anticipated strategy update, but recouped those losses on Thursday. Auchincloss will measure the success of his plan “over weeks and months,” he said in an interview.