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.

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 ...

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 ...

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 shares surged 8% after an activist hedge fund took a stake in the company. It was reported over the weekend that Elliott Management had taken a stake in the energy giant.

BP’s U.S.-listed shares also climbed 3.5% in premarket trading. The move positions Elliott as one of BP’s largest investors and underscores reportedly growing dissatisfaction over the company’s ...

(Reuters) -BP Chair Helge Lund intends to step down "likely during 2026", the energy group said on Friday amid a campaign by activist hedge fund Elliott for more change at the company.

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 ...