Latest news with #DevonEnergy
Yahoo
3 days ago
- Business
- Yahoo
BP Appoints Former Devon Energy Chief David Hager as Nonexecutive Director
BP has appointed the former chief executive of U.S energy company Devon Energy, David Hager, as a nonexecutive director at a time when it is seeking to more than double its production of oil and gas in the U.S. by the end of the decade. The British energy company said Friday that Hager brings a deep knowledge of the U.S. upstream oil-and-gas industry. His appointment will be effective from Monday. The Billionaire Odd Couple Whose Hedge Fund Is Killing It Meta Fired Palmer Luckey. Now, They're Teaming Up on a Defense Contract. Out of DOGE, Elon Musk Returns to His Bruised Business Empire How a Small Wine Importer Took On Trump's Tariffs Ben & Jerry's Calls Gaza Conflict a Genocide, Putting Unilever in a Tough Spot BP is cutting spending on low-carbon investments and pivoting back toward hydrocarbon production. In late April, Chief Executive Murray Auchincloss said the company plans to grow U.S. production to more than one million barrels a day by 2030 from 650,000. BP's strategic reset comes as Elliott Investment Management has taken a roughly 5% interest in the business, and pressure is on management to cut debt and grow shareholder value. In April, the company said a senior executive in charge of cleaner energy investments would leave the company and won't be replaced. Hager has served as the chief executive of Devon Energy, and has lead its exploration and production division, BP said. Write to Adam Whittaker at Trump Tells Powell He Is Making a Mistake by Not Cutting Interest Rates Big Tax Breaks for Health Savings Accounts Get Even Better in the GOP Bill Ex-Goldman Banker Sentenced to Two Years in 1MDB Bribery Scandal Exodus of Staff Adds to FAA's Challenges Newark Airfares Will Be a Steal This Summer, United CEO Says Sign in to access your portfolio
Bloomberg
3 days ago
- Business
- Bloomberg
BP Names Former US Shale Boss to the Board Amid Strategy Shift
BP Plc appointed oil industry veteran Dave Hager to the board, bolstering its efforts to refocus on fossil fuels and keep investors on side. Hager has been in the sector for more than 40 years, recently leading US shale producer Devon Energy Corp. as chief executive and then executive chairman.
Reuters
3 days ago
- Business
- Reuters
BP names US oil and gas veteran Dave Hager as non-executive director
May 30 (Reuters) - BP (BP.L), opens new tab on Friday said it has appointed U.S. oil and gas industry veteran David Hager as a non-executive director effective June 2. Hager held various roles at U.S.-based Devon Energy (DVN.N), opens new tab, including as CEO between 2015 and 2021 and as executive chair between 2021 and 2023.
Wall Street Journal
3 days ago
- Business
- Wall Street Journal
BP Appoints Former Devon Energy Chief David Hager as Nonexecutive Director
BP BP -0.07%decrease; red down pointing triangle has appointed the former chief executive of U.S energy company Devon Energy DVN 0.81%increase; green up pointing triangle, David Hager, as a nonexecutive director at a time when it is seeking to more than double its production of oil and gas in the U.S. by the end of the decade. The British energy company said Friday that Hager brings a deep knowledge of the U.S. upstream oil-and-gas industry. His appointment will be effective from Monday.
Yahoo
3 days ago
- Business
- Yahoo
BP names US oil and gas veteran Dave Hager as non-executive director
(Reuters) -BP on Friday said it has appointed U.S. oil and gas industry veteran David Hager as a non-executive director effective June 2. Hager held various roles at U.S.-based Devon Energy, including as CEO between 2015 and 2021 and as executive chair between 2021 and 2023. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
