BP today announced it would replace embattled CEO Tony Hayward, set aside $32.2 billion for Gulf oil spill costs and triple the size of a planned asset sale program as part of a sweeping effort to ...

Elliott Management is pressuring BP for deeper cost cuts, asset sales and leadership changes as the oil giant pivots back to hydrocarbons. ... BP's Leadership Faces Key Vote in April.

bp is making changes to its executive team and simplifying its organizational structure, the company said Apr. 18. bp will continue to have three businesses—production and operations, gas and ...

Shakeup marks the first leadership changes under BP's new boss Murray Auchincloss - Aaron M. Sprecher. Mr Looney resigned after he was found to have knowingly misled BP’s board over personal ...

BP (NYSE:BP) stock remains steady as the company transitions to a new CEO. The problem is that has remained too steady. The stock has seen little movement in the nine years Bob Dudley has served ...

· Simplified structure reduces duplication and reporting line complexity. · William Lin to lead gas & low carbon energy business, following retirement of Anja-‑Isabel Dotzenrath. · Emeka ...

The changes also follow a jump in BP’s shares last week after reports that the state-owned, United Arab Emirates oil company was considering, but had ruled out, a bid for the London-listed ...

The top federal official involved in addressing the Gulf of Mexico oil spill Sunday said reported plans by BP to replace CEO Tony Hayward will not affect spill efforts the Obama administration is ...

Elliott and investors discussed potential changes to BP's board and management team, and a reduction of annual spending to below $13 billion, the two shareholders said.

John Browne is adept at avoiding questions. He's a CEO who leaves accountability to others. Today in London, that may change. Browne was supposed to give a deposition in civil litigation stemming ...

Elliott Management is pressuring BP for deeper cost cuts, asset sales and leadership changes as the oil giant pivots back to hydrocarbons.