- BP management looking to squeeze margins in smaller divisions
- Trading will target tech giants
Hiding behind BP’s (BP.) profits and buyback plans in last week’s full-year results were all sorts of details about its plans for the energy transition and even artificial intelligence (AI).
At the same time as talking up these businesses, newly installed chief executive Murray Auchincloss has been coy on the company’s green energy goals and reducing oil and gas output. He faces the challenge of squeezing profits out of the disparate divisions that are the result of the ‘performing while transforming’ strategy of the past few years.