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.

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 - which is now BP's (NYSE: BP) second largest shareholder after Blackrock at 9.2% and ahead of Vanguard at 4.95%, according to LSEG data - wants the company to improve its free cash flow ...

Elliott, which is BP's (BP) second-largest shareholder after amassing a stake of slightly more than 5%, reportedly is not pushing for the removal of CEO Murray Auchincloss despite its ...

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 ...

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 ...

(Reuters) -Elliott Investment Management, one of BP's largest shareholders, on Monday called on the energy giant's new chairman Albert Manifold to "urgently address BP's shortcomings".

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 shares jumped early Monday following weekend reports that activist investor Elliott Management has built a stake in the struggling oil major. The company has declined to comment on the reports ...