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BP, Elliott Investment Management

Barron's on MSN · 1d

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.

Reuters · 2d

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 activist shareholder Elliott Management will press for board changes and strategy shifts to boost returns.

Bloomberg L.P. · 2d

Elliott’s Activism Success Gives Hope for BP’s Depressed Shares

Beleaguered shareholders of BP Plc who’ve watched their investment lag over the past few years are banking on activist Elliott Investment Management LP’s track record to help them extract some value from their positions.

BP promises fundamental reset

The New York Times · 22h

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 and a bigger investment in oil and natural gas production.

Reuters · 1d

BP promises fundamental reset as Q4 profit hit four-year low

BP reported quarterly profit of $1.17 billion on Tuesday, weaker than expected and the lowest in four years, while the company promised to reset its strategy, after news broke at the weekend that investor Elliott Management had built up a stake.

This Is Money on MSN · 1d

BP boss pledges strategy reset as profits hit four-year low

The chief executive of BP has vowed to 'fundamentally reset' the group's strategy after its annual profits fell by more than a third last year.

BP Faces an Energized Elliott Ahead of Crunch Strategy Update

Hi, it’s Dinesh Nair, Aaron Kirchfeld and Swetha Gopinath in London, following up on our weekend exclusive that activist ...

2don MSN

Three key changes Elliott could push BP to adopt

Elliott Management reveals a sizable stake in London-based BP plc. RBC analysts expect the activist investor to push for ...

23h

Energy Up as Elliott Buys Into Phillips 66, BP -- Energy Roundup

Shares of energy companies rose as one prominent Wall Street firm increased its exposure to the sector.

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 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 ...

Why BP Is Rallying Today

Major UK-based oil producer BP (BP) is advancing 6% today after an activist investor reportedly acquired a meaningful stake ...

1don MSN

BP's fourth-quarter earnings drops to four-year low

BP's fourth-quarter profit fell to $1.17 billion on Tuesday, marking the lowest earnings for the oil major in four years as weak margins dented its refining business. BP's underlying replacement cost ...

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