An existential risk: can BP avoid becoming a prime takeover target?
CEO has ‘narrow window’ to come up with positive shift in strategy to win back investor confidence, say analystsWhen BP’s board faces shareholders at the oil company’s investor day later this month, there will be many questions to answer, and for many, the biggest one will be: how did things go so wrong?The FTSE 100 company was once valued at more than £140bn, but today its shares trade at a market valuation of less than half that sum. BP has lost almost a quarter of its value in the past two years, while its rivals in Europe and the US have managed to grow and in some cases report record annual profits. Continue reading...
CEO has ‘narrow window’ to come up with positive shift in strategy to win back investor confidence, say analysts
When BP’s board faces shareholders at the oil company’s investor day later this month, there will be many questions to answer, and for many, the biggest one will be: how did things go so wrong?
The FTSE 100 company was once valued at more than £140bn, but today its shares trade at a market valuation of less than half that sum. BP has lost almost a quarter of its value in the past two years, while its rivals in Europe and the US have managed to grow and in some cases report record annual profits. Continue reading...
