Architects of BP's failed green energy agenda will leave the embattled oil company within months as it continues to retreat from low-carbon investments while profits plummet.

The oil company said Giulia Chierchia, an executive in charge of BP's sustainable business, will step down from June 1, 2025 to "seek other opportunities" outside the company. She will not be replaced.

BP is under pressure from New York hedge fund Elliott Management, who also promised investors will tighten spending, especially on low-carbon energy and increase plans for its plans to sell some of its businesses as part of its efforts to increase the value of the company’s labeled market.

When it announced a 49% drop in profits in the first quarter, BT said it would reduce its planned spending of $500 million (£373 million) in 2025 to about $14.5 billion this year.

It also plans to divest $3 billion to $4 billion in assets, its previous plan to sell $3 billion worth of business interests this year. The company aims to sell $20 billion by the end of 2027.

BP's shares have lagged behind industry competitors in recent years after former Chief Bernard Looney set up a "net zero" energy company under the company's Chierchia, which he hired the company a few months after taking the top position in early 2020.

Rooney failed to fully disclose his relationship with his female colleague to the board and suddenly left BP in September 2023.

BP said Chierchia's sustainability team will be integrated into other parts of BP's business to "simplify our structure" and achieve "faster decision-making and clearer sense of responsibility."

The company is reportedly under pressure to expel Chierchia,,,,, Investors including Elliott are driving the failure of competitiveness to green energy, which accounts for 5% of the company.

Hedge funds are notorious for accumulating stakes in struggling companies to inspire changes that may increase market value, thereby earning the fund's profits.

BP's profit fell from $2.7 billion in the same period last year to $1.4 billion in the first quarter of this year, while its net debt has risen to nearly $27 billion from $24 billion this time last year.

“In February, we announced a fundamental reset of our strategy – developing the upstream, focusing downstream investment in the transition discipline – we have made significant progress.”

The company has launched three large oil and gas projects and conducted six exploration discoveries.