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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  BP plc    BP.   GB0007980591

BP PLC

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BP : Shareholders Vote for Climate Resolution

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05/21/2019 | 11:00am EDT

By Maitane Sardon

Shareholders of BP PLC (BP.LN) on Tuesday supported a climate resolution filed by investors that calls for the oil-and-gas company to set a business strategy consistent with the goals of the Paris Climate Agreement.

The binding resolution, co-filed by shareholder group Climate Action 100+, won the support of 99.14% of the votes.

However, a second resolution by activist investor Follow This, which requested that BP set targets for its indirect emissions, only received 8.35% of the votes. BP had previously called its shareholders to reject Follow This's resolution.

"The scale of support for the Climate Action 100+ resolution sends a clear message that investors expect companies to act on climate change," said Stephanie Pfeifer, a member of the Climate Action 100+ global steering committee and CEO of the Institutional Investors Group on Climate Change.

She said investors will pay close attention to BP's next steps and expect to see evidence that BP's future investment is consistent with the goals of the Paris Agreement.

Write to Maitane Sardon at maitane.sardon@dowjones.com

Stocks mentioned in the article
ChangeLast1st jan.
BP PLC 1.87% 499.15 Delayed Quote.0.65%
WTI -0.20% 54.08 Delayed Quote.18.22%
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Financials (USD)
Sales 2019 279 B
EBIT 2019 19 746 M
Net income 2019 9 067 M
Debt 2019 48 513 M
Yield 2019 6,35%
P/E ratio 2019 14,0x
P/E ratio 2020 11,5x
EV / Sales2019 0,64x
EV / Sales2020 0,59x
Capitalization 130 B
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Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 7,67  $
Last Close Price 6,43  $
Spread / Highest target 39,8%
Spread / Average Target 19,3%
Spread / Lowest Target -5,23%
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Managers
NameTitle
Robert W. Dudley Group Chief Executive Officer & Executive Director
Helge Lund Chairman
Andy Hopwood Group COO, Executive VP-Strategy & Regions
Brian Gilvary Group Chief Financial Officer & Executive Director
Angela Rosemary Emily Strank Chief Scientist & Head-Downstream Technology
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