BP Reset Falls Short. Why Bid to Catch Exxon Sent Stock Falling. - Barron's
1. BP initiates a 'fundamental reset' amid lagging returns. 2. BP plans to invest more in oil and gas, less in low-carbon. 3. CEO Auchincloss faces pressure due to previous transition strategy. 4. Elliott Management's stake could prompt strategic changes. 5. BP ADRs dropped 5% over the past 12 months.