BP Looks to Hire Two More Directors Under Oil-Focused Strategy ...Middle East

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BP Looks to Hire Two More Directors Under Oil-Focused Strategy
source : OILPRICE ( Middle East ) () 57
BP is looking to raise the number of its board members and hire two more directors as part of its strategy to boost oil and gas production and shareholder returns, the Financial Times reported on Tuesday, citing sources familiar with the plans. Last week, BP said that it is increasing its investment in upstream oil and gas to $10 billion per year while slashing spending on clean energy by more than $5 billion a year in the highly anticipated strategy reset. BP’s chair Helge Lund now looks to respond to investor pressure, especially from activist…

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