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.
BP shares jumped early Monday following weekend reports that activist investor Elliott Management has built a stake in the ...
BP’s shares are on the up despite poor Q4 results, as shareholders look to activist investor Elliott Investment Management to ...
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TotalEnergies, Aker BP to increase shares in Equinor’s Johan Sverdrup oilfieldTotalEnergies and Aker BP have initiated an independent review to potentially increase their stakes in Equinor's Johan ...
A four-year low for BP quarterly profits today heightened the focus on the oil giant’s plans for a major strategy reset.
BP p.l.c.'s Q4 earnings dropped 61% Y/Y due to lower petroleum prices and refining margins. Read why I remain very bullish on ...
The energy giant was vague on details, but analysts say the changes is likely to include less spending on renewable sources ...
Elliott Investment Management is demanding BP Plc make drastic cost cuts and divestments to strengthen its future as a ...
Shares in BP rose by 7% to their highest since August in early trade on Monday, after investor Elliott Management built a ...
We don’t know how big its stake is, or exactly what its plans are for BP – will it try to break the company up, or could it ...
Counter was at $2.48 at the midday trading break, after a hefty 50 million shares had changed hands. Read more at ...
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