Activist investor Elliott Management has built a near 5% stake in BP and is pushing the oil company to take radical action to ...

Elliott Investment Management is demanding BP Plc make drastic cost cuts and divestments to strengthen its future as a ...

The energy giant was vague on details, but analysts say the changes is likely to include less spending on renewable sources ...

BP CEO Murray Auchincloss pledged on Tuesday to fundamentally reset the company's strategy as it reported a 35% fall in ...

After a quarter century of lagging behind competitors, British oil giant BP has attracted the attention of big hedge fund ...

BP ’s investments in low-carbon ventures added to the financial strain. The dismal results coincided with reports that ...

BP Chief Executive Murray Auchincloss promised a "reset" for the company, including dialing back climate commitments, on ...

BP Plc CEO Murray Auchincloss insisted that the company’s “fundamental reset” has been in the works for a year, while ...

Shares of BP PLC BP rallied 1.41% to £4.69 Wednesday, on what proved to be an all-around positive trading session for the ...

BP said profit fell more than expected and that it would reset its strategy, days after reports that activist hedge fund ...

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 oil and gas major now has an influential activist investor. That puts even more pressure on CEO Murray Auchincloss.