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.
Indeed, BP could fetch $26bn by disposing of some of its low carbon, pipeline and marketing businesses, Goldman Sachs ...
Elliott Investment Management is demanding BP Plc make drastic cost cuts and divestments to strengthen its future as a ...
KEY TAKEAWAYS BP announced plans to "fundamentally reset" its strategy Tuesday as Elliott Investment Management reportedly ...
BP shares jumped at the market open following weekend reports that activist investor Elliott Management has built a stake in ...
Elliott Management reveals a sizable stake in London-based BP plc. RBC analysts expect the activist investor to push for ...
Activist investor Elliott Management is expected to push for BP to pivot back towards traditional oil and gas.
After a quarter century of lagging behind competitors, British oil giant BP has attracted the attention of big hedge fund ...
BP CEO Murray Auchincloss pledged on Tuesday to fundamentally reset the company's strategy as it reported a 35% fall in ...
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