Activist hedge fund Elliott Investment Management has grown its stake in Phillips 66 ( PSX 2.83%) to $2.5 billion. This puts ...

Sky's Ian King says the company's expected reprioritisation of oil and gas revenues has long been demanded by investors whose returns have lagged those seen at rivals.

BP announced plans to "fundamentally reset" its strategy Tuesday as Elliott Investment Management reportedly has taken a ...

BP will lay out a “fundamental reset of strategy and a new beginning” when it updates investors at the company's capital ...

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

BP plans to "fundamentally reset" its strategy and focus on improving shareholder returns, amid pressure from investors and ...

BP PLC shares are trading lower after the company reported fourth-quarter results. Sales and other operating revenues came in ...

BP CEO Murray Auchincloss announced plans to fundamentally revise BP's strategy after the company reported a 35% drop in ...

BP reported quarterly profit of $1.17 billion on Tuesday, weaker than expected and the lowest in four years, while the ...

Refiner Phillips 66 is the latest target of activist investor Elliott Management that is aggressively pursuing companies in the energy space. The Wall Street Journal reported that Elliott, which had ...

BP announced a quarterly profit of $1.1 billion on Tuesday. This was lower than expected, and the lowest since 2004. The ...