BP Vows ‘Fundamental Reset’ in Strategy as Profit Plunges

The energy giant was vague on details, but analysts say the changes is likely to include less spending on renewable sources and a bigger investment in oil and natural gas production. Oil (Petroleum) and Gasoline, Natural Gas, Shareholder Rights and Activism, Company Reports, Alternative and Renewable Energy, BP Plc, Auchincloss, Murray The energy giant was vague on details, but analysts say the changes is likely to include less spending on renewable sources and a bigger investment in oil and natural gas production. NYT > Business

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