News

Major BP (NYSE:BP) shareholder Elliott Management wants the company's incoming chairman to urgently improve the cost base and ...
BP has been accused of “chronic underperformance” by US hedge fund Elliott as it stepped up pressure on the struggling oil ...
Elliott Investment Management, one of BP's largest shareholders, on Monday called on the energy giant's new chairman Albert ...
Last week, BP appointed a new chairman, Albert Manifold, who is likely to be sympathetic to the changes demanded by Elliott when it acquired over 5% of the oil company some time before April, making ...
Elliott Investment Management, which is one of BP Plc’s largest shareholders, wants the energy giant’s incoming chairman to urgently improve the firm’s cost base and capital allocation, citing a weak ...
While the stock has not outperformed its peers over the past five years, the company has become a potential takeover target for larger firms. Even if a takeover doesn’t happen, the activist investor ...
BP named outsider Albert Manifold, the former boss of building materials producer CRH , as its new chairman on Monday, as it ...
One Rock Capital Partners, a US mid-market private equity firm, is one of the few remaining bidders for BP Plc’s Castrol ...
It’s built up a nearly 5% interest in BP, according to the people, which would be worth around £3.7 billion ($4.6 billion) at BP’s current share price and make it one of Elliott’s biggest ...
Update at 3 p.m. Adds response from BP. Elliott Investment Management has acquired a stake in BP (NYSE:BP), Bloomberg reported Saturday, citing people familiar with the matter. The people ...
Elliott also backs BP's independent strategy and did not propose a merger, according to the source. BP said that it will be laying out a fundamental reset of its strategy on February 26.
BP’s share price surged more than 6% in early morning trading on Monday after it was revealed that US activist shareholder Elliott Investment Management has built up a considerable stake in the ...