Activist Elliot takes near 5% stake in BP

Elliott builds BP stake of nearly 5%, pushes for big divestments, source says
Activist investor Elliott Management has built a near 5% stake in BP and is pushing the oil company to take radical action to transform its performance, including a big divestment programme, a source familiar with the matter told Reuters on Thursday.
Elliott Pushes Big Cost Cuts at BP to Preserve Its Independence
Elliott Investment Management is demanding BP Plc make drastic cost cuts and divestments to strengthen its future as a standalone company, people with knowledge of the matter said.
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.
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.
Elliott Wants Big Asset Sales at BP After Building $4.75-Billion Stake
Activist investor Elliott Management has built a nearly 5% stake in BP and is pushing for major asset sales and strategic changes at the oil and gas giant.
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.
BP Stock Jumps as Elliott Reportedly Builds Stake
BP's U.S.-listed shares are rising 6% Monday following reports that activist hedge fund Elliott Investment Management has amassed a stake in the British oil giant and is seeking to make changes.
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. oil company and plans to push for transformational changes. BP recently stoo
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 giant BP (BP). This
BP Investors Welcome Elliott as Oil Major Readies Strategy Reset
Several BP Plc shareholders said they welcome activist Elliott Investment Management taking a stake in the British oil major because the company needs to make meaningful changes.
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 ...
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 ...
Cage rattler Elliott may spy big value in a smaller BP
Indeed, BP could fetch $26bn by disposing of some of its low carbon, pipeline and marketing businesses, Goldman Sachs ...
Hedge fund’s BP stake worth £3.8bn as firm expected to ditch green promises
Activist investor Elliott Management is expected to push for BP to pivot back towards traditional oil and gas.
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 ...
BP pledges strategy reset as annual profit falls by a third
BP CEO Murray Auchincloss pledged on Tuesday to fundamentally reset the company's strategy as it reported a 35% fall in ...
BP Touts ‘New Beginning,’ Fundamental Change in Strategy
BP said profit fell more than expected and that it would reset its strategy, days after reports that activist hedge fund ...