BP Promises Big Changes After Attracting An Uninvited Guest
After a quarter century of lagging behind competitors, British oil giant BP has attracted the attention of big hedge fund ...
BP Plans to 'Fundamentally Reset' Strategy Amid Reports of Elliott Stake
BP announced plans to "fundamentally reset" its strategy Tuesday as Elliott Investment Management reportedly has taken a ...
BP Vows ‘Fundamental Reset’ in Strategy as Profit Plunges
The energy giant was vague on details, but analysts say the changes is likely to include less spending on renewable sources ...
BP shares climb on prospect Elliott stake will drive change
Shares in BP rose by 7% on Monday, and were on track for the biggest daily gain in two years, as investors anticipated that ...
BP shares pop 7% after reports activist hedge fund Elliott has taken a stake in the struggling British oil major
BP shares jumped early Monday following weekend reports that activist investor Elliott Management has built a stake in the ...
BP Earnings Hit 4-Year Low. How the Elliott Stake Is Affecting the Stock.
The oil and gas major now has an influential activist investor. That puts even more pressure on CEO Murray Auchincloss.
BP executive promises 'reset' after profits fell in 2024
BP Chief Executive Murray Auchincloss promised a "reset" for the company, including dialing back climate commitments, on ...
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BP is underperforming and under pressure
BP ’s investments in low-carbon ventures added to the financial strain. The dismal results coincided with reports that ...
BP and Shell profits more than double UK climate commitments, new figures show
BP and Shell profits in 2024 more than double the UK’s climate financial commitments, new figures show. The report by ...
Elliott Management Targets BP Stake, Fueling Takeover Buzz
According to Bloomberg, Elliott Management, a well-known activist hedge fund, has acquired a stake in the struggling UK oil ...
BP vows ‘fundamental reset’ as it retreats from net zero
BP chief Murray Auchincloss says the restructuring will ‘be a new direction for BP’ - Amr Alfiky/Reuters. BP has halted all ...
BP vows ‘fundamental reset’ as profit plunges
BP is likely to reduce spending on low-emissions energy technologies like wind and hydrogen and try to boost oil and natural gas production, analysts say.