BP begins costs review as quarterly profits of £1.77bn beat forecast
by Joanna Partridge from World news | The Guardian on (#6Z43K)
Oil and gas group trying to fend off activist investors says it can and will do better' for its shareholders
The oil and gas group BP is launching a fresh cost-cutting scheme, despite reporting better-than-expected profits, as it tries to do more for its shareholders to fend off pressure from activist investors.
The fossil fuel company said it would begin a fresh review of its business when its new chair, Albert Manifold, joins the board in September.
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