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BP to ‘Reset’ Strategy

Investopedia on MSN · 5h

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.

The New York Times · 2h

BP to ‘Reset’ Strategy After Pressure From Investors, C.E.O. Says

The energy giant was vague on details, but analysts say the changes will likely include less spending on renewable sources and a bigger investment in oil and natural gas production.

Crude Oil Prices · 23h

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 company, fueling speculation about a potential strategic overhaul.

BP, Elliott

Barron's on MSN · 6h

BP Earnings Miss. How Elliott Stake News 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 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. · 22h

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.

2d

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 ...

1d

BP shares pop 7% after reports activist hedge fund Elliott has taken a stake in the struggling British oil major

BP shares jumped at the market open following weekend reports that activist investor Elliott Management has built a stake in ...

2h

BP's Q4 disappoints as Elliott Mgmt. discloses stake in Phillips 66

Energy giant BP plc (BP) announced a strategy reset and a $1.75 billion stock buyback program after missing fourth quarter ...

1don 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 ...

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