BP reveals plans for group-wide costs and business review as profits fall
BP bosses have unveiled plans to look for further cost cuts and conduct a “thorough” review of its portfolio as it comes under pressure from shareholders. Chief executive Murray Auchincloss pledged the oil and gas group would do “better for its investors” and said there was “much more to do” under its current three-year plan. BP has been under pressure from shareholders to boost profits and cut costs, with activist […]
