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BP, Elliott

BP shares jumped 8% after renowned activist investor Elliott took a stake in the energy giant

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

Bloomberg L.P. · 18h

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.

Hosted on MSN · 23h

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.

BP promises fundamental reset

This is Money on MSN · 2h

Will BP head back to oil? Boss pledges fundamental 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.

The Financial Times · 6h

BP pledges ‘fundamental reset’ of strategy as profits sink

BP has pledged to “fundamentally reset” its strategy and improve its performance as the struggling oil major reported a steep drop in profits for the final quarter of last year. On Tuesday, the group reported underlying profits of $1.

Investopedia on MSN · 2h

BP Plans to 'Fundamentally Reset' Strategy Amid Reports of Elliott Stake

KEY TAKEAWAYS BP announced plans to "fundamentally reset" its strategy Tuesday as Elliott Investment Management reportedly has taken a "significant" stake in the British oil giant.BP CEO Murray Auchincloss said the company plans to share a "new direction" during its Capital Markets Update on Feb.

5hon MSN

BP’s Profit Falls More Than Expected; Announces $1.75 Billion Share Buyback

BP’s profit fell more than expected as weak refining margins dragged on its results but the British energy major still ...

BP share price: Profits tumble to four-year low as investors eye crunch strategy update

Despite this disappointing performance, market attention is shifting away from the earnings themselves and focusing more on the company’s future direction” – Mark Crouch, eToro analyst ...

Crude Oil Prices19h

Elliott Investment Management Targets BP for Strategic Overhaul

BP shares rose sharply after it was revealed that activist hedge fund Elliott Investment Management had taken a stake in the ...

18h

BP Stock Rises After Elliott Takes Stake in British Oil Major

Shares in BP (UK:BP, BP) rose, following news the activist hedge-fund firm Elliott Management had built a stake in the U.K.

3hon MSN

FTSE 100 Live 11 February: BP strategy reset in focus after profits fall, Entain shares slide on CEO exit

A four-year low for BP quarterly profits today heightened the focus on the oil giant’s plans for a major strategy reset.

BP now stands for ‘Best Partitioned’

BP made a big deal of repositioning itself as “Beyond Petroleum”. Then-CEO John Browne’s attempt to embrace lower-carbon ...

6don MSN

BP Stock Has Fallen Behind. What It Must Do to Catch Back Up.

BP has been falling behind its peers for years. If it doesn’t narrow the gap, its days as an independent company could be ...

1don MSN

FTSE 100 Live 10 February: BP shares surge on activist stake, gold price record

FTSE 100 Live Monday Business hiring weakens amid NI impactGold price hits new recordUS inflation and UK GDP in ...

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