Five years ago, BP's chief executive did something very unusual for the boss of an oil and gas company - he pledged to produce less oil and gas.
A multinational that began as the Anglo-Persian Oil Company in 1909 would move away from its core products, cutting annual oil production, investing in renewable energy, and even suggested leaving some of its assets in the ground, unexploited.
Standing in front of the slogan "reimagine", scrawled freehand and lowercase in a shade of green, Bernard Looney, the lean and charismatic then-leader of the British-based oil giant, announced that BP "would become a very different kind of energy company".
Not all shareholders agree, with 48 UK investors demanding a vote on the reset, and the UK Sustainable Investment Finance Association denouncing it as a retrograde turn away from the energy of the future that could leave BP saddled with stranded assets.
One fundamental question remained unanswered: Could BP continue to fund the dividends and return to shareholders by which markets, not activists, judge oil majors, and on which many investors depend for retirement funds to thrive?.
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