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Stock impact report

BP Pushes Back On Shareholder Disclosure Push [Yahoo! Finance]

BP p.l.c. (BP) 
Last bp p.l.c. earnings: 4/29 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
This article first appeared on GuruFocus BP ( NYSE:BP is asking shareholders to vote against a proposal that would require the company to provide more detailed disclosures on how it makes investment decisions , saying the request is unnecessary and overlaps with information it already provides. Warning! GuruFocus has detected 10 Warning Signs with BP. Is BP fairly valued? Test your thesis with our free DCF calculator. The proposal was put forward by the Australasian Centre for Corporate Responsibility , which has criticized BP's renewed focus on oil and gas spending after earlier efforts to shift more aggressively toward renewable energy led to losses and multibillion-dollar writeoffs. The group argues BP should clearly demonstrate that its pivot back to hydrocarbons will improve long-term returns. BP disagrees with that view. The company said the proposal focuses too heavily on financial returns and overlooks other factors that guide its investment decisions, including str Show less Read more
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