Author: Mitchell Ferman
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BP’s reset plan shows early vulnerability as oil nears $70
(Bloomberg) – BP Plc’s strategy reset isn’t even a week old, but it’s already showing some vulnerabilities. The London-based energy giant was the second-worst performer on the FTSE-100 on Tuesday following a plunge in crude prices. Its shares fell 4.2% to the lowest in a month, compared with a drop of 3% for Shell Plc. …