BP faces growing pressure to end years of strategic turbulence as it prepares to publish full-year results. Analysts expect weaker profits of about $7.5bn, down from nearly $9bn last year, after falling oil prices cut earnings. Investors want clarity from incoming chief executive Meg O’Neill, who takes over in April, as shareholder groups push BP to plan for declining fossil fuel demand. Activists from Follow This and others want limits on oil and gas spending and clearer plans for long-term value as demand falls. BP recently shifted back toward fossil fuels, starting seven new projects, but critics argue these investments risk becoming unviable as clean energy grows. While BP shares have outperformed some rivals, analysts note competitors such as Shell may gain further value from new discoveries. With the International Energy Agency expecting oil demand to decline after 2030, investors are calling on BP to present a stable, credible strategy for the future.
BP Urged to Reset Strategy as Profits Fall and Pressure Mounts
Andrew Rogers
Andrew Rogers is a freelance journalist based in the USA, with over 10 years of experience covering Politics, World Affairs, Business, Health, Technology, Finance, Lifestyle, and Culture. He earned his degree in Journalism from the University of Florida. Throughout his career, he has contributed to outlets such as The New York Times, CNN, and Reuters. Known for his clear reporting and in-depth analysis, Andrew delivers accurate and timely news that keeps readers informed on both national and international developments.