British oil major BP reports sharp drop in fourth-quarter profit, vows strategy reset
1. BP's fourth-quarter profit fell sharply to $1.169 billion from $2.99 billion. 2. Elliott Management's stake raises speculation on BP's strategic shift. 3. BP plans to cut costs by $2 billion by 2026, including job reductions. 4. Concerns about BP's unclear strategic direction amid green energy ambitions. 5. Analysts expect impact questions over Canadian crude tariffs in upcoming call.