Elliott builds BP stake of nearly 5%, pushes for big divestments, source says
Activist investor Elliott Management has built a near 5% stake in BP and is pushing the oil company to take radical action to transform its performance, including a big divestment programme, a source familiar with the matter told Reuters on Thursday.
The oil and gas giant is expected to reverse course on renewable energy commitment due to decreased profits and a shifting ...
After a quarter century of lagging behind competitors, British oil giant BP has attracted the attention of big hedge fund ...
BP CEO Murray Auchincloss pledged on Tuesday to fundamentally reset the company's strategy as it reported a 35% fall in ...
BP Chief Executive Murray Auchincloss promised a "reset" for the company, including dialing back climate commitments, on ...
The energy giant was vague on details, but analysts say the changes is likely to include less spending on renewable sources ...
BP ’s investments in low-carbon ventures added to the financial strain. The dismal results coincided with reports that ...
BP Plc CEO Murray Auchincloss insisted that the company’s “fundamental reset” has been in the works for a year, while ...
BP chief Murray Auchincloss says the restructuring will ‘be a new direction for BP’ - Amr Alfiky/Reuters. BP has halted all ...
At the headquarters of Elliott Management in New York, the hedge fund’s energy team now has T-shirts with “Gulf of America” printed on them, including one with a picture of Donald Trump as a pirate, ...
In the first quarter of 2025, Chicago-based bp expects seasonally lower volumes in customers and fuel margins to remain ...
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