Explore the latest developments concerning BP faces calls.
BP faces calls for new strategy to end period of turbulence
Full-year results expected to reveal weaker profits as company also faces investor pressure over climate U-turn
BP will face pressure from shareholders to prove it can leave a turbulent period in the past as it prepares to reveal its full-year results this week.
The company is expected to follow industry rivals by reporting weaker annual profits after global oil prices fell for a third consecutive year in 2025, in the steepest decline recorded since the Covid pandemic.
City analysts forecast BP profits of about $7.5bn (£5.5bn), down from almost $9bn in 2024, following an expected slump in fourth-quarter earnings after crude prices fell below $60 a barrel for the first time in almost five years.
BP faces new investor tactics in climate pressure campaign
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Investors challenge bp over oil and gas spending
INSTITUTIONAL investors have filed a legal challenge against bp over what they describe as “undisciplined” capital allocation to oil and gas projects.
bp recently announced it would increase its spending on its upstream business by 17%, reallocating funds previously committed to clean energy investments.
Funds managing almost £200bn (US$270bn) in assets – including Nest, London CIV, Wales Pension Partnership, Greater Manchester Pension Fund, Merseyside Pension Fund and Pensions Authority Publica (PUBLICA) – have filed a shareholder resolution calling on the company to demonstrate how increased spending on upstream operations will enhance shareholder value.
The investors say they are “unconvinced” that prioritising oil and gas investment will address bp’s recent underperformance.
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