BP plc (LON: BP) is in focus this morning after activist investor Elliott Management revealed a stake in the energy giant that has lagged its peers in recent years. Elliott did not disclose the ...

Elliott Management is leading a resurgence of activist investors that are making their presence felt from Wall Street to Main Street. These hedge funds buy up minority positions in publicly traded ...

BP shares provisionally closed 0.3% lower, erasing gains of as much as 5% from earlier in the session. The London-listed stock price is down around 8% year-to-date. Hedge fund Elliott Management ...

Elliott also backs BP's independent strategy and did not propose a merger, according to the source. BP said that it will be laying out a fundamental reset of its strategy on February 26.

This makes Elliott BP's second-biggest shareholder after Blackrock at 9.2% and ahead of Vanguard at 4.95%, according to LSEG data. BP's current market valuation is around $76 billion.

BP stock was up 6.89% at 12:56 p.m. London time. Elliott Management and BP have declined to comment on the reports, which do not specify the size of any potential stake accrued by Paul Singer's ...

Update at 3 p.m. Adds response from BP. Elliott Investment Management has acquired a stake in BP (NYSE:BP), Bloomberg reported Saturday, citing people familiar with the matter. The people ...

Last year, Elliott sought to have the airline's chief executive, Robert Jordan, removed. However, the fund reached an October 2024 settlement to add six new directors, including five candidates ...

BP CEO Auchincloss has been working to bolster investor confidence in the £74-billion ($91.87-billion) company, amid rising concerns over the clarity of BP's strategic direction as it navigates ...

BP shares pop 7% after reports activist hedge fund Elliott has taken a stake in the struggling British oil major By Ruxandra Iordache, CNBC • Published February 10, 2025 • Updated on February ...