Activist hedge fund Elliott Management has become BP’s third-largest shareholder after building a near-5 per cent stake worth almost £3.8bn, as it seeks to force the troubled UK oil major to cut ...

Investors are frustrated at the valuation gap between BP and its London-listed rival Shell, as well as US energy giants ...

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

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

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

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's fourth-quarter profit fell 61% to its lowest level since 2020.

BP shares surged in early trade on Monday after the activist investor Elliot was reported to have taken a significant stake ...

BP’s shares are on the up despite poor Q4 results, as shareholders look to activist investor Elliott Investment Management to ...

Lightsource BP, a unit of British oil giant BP , announced on Thursday its entry into the Japanese renewable market with the acquisition of a 15 megawatt peak(MWp) solar project in northern island of ...

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

Elliott is known for its aggressive activism in the companies it invests in, frequently pushing for rapid and significant ...