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Elliott builds £4bn stake in BP

Elliott discloses nearly $5 billion stake in BP, FT reports

Activist investor Elliott Management disclosed a stake of about 3.8 billion pounds ($4.75 billion) in BP , making it the oil giant's third-largest shareholder, the Financial Times reported on Thursday,

Barron's on MSN · 1d

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.

The Financial Times · 17m

Elliott builds £4bn stake in BP as it seeks to force renewables cuts

Activist hedge fund Elliott Management has become BP’s third-largest shareholder after building a near-5 per cent stake worth almost £3.8bn, as it seeks to force the troubled UK oil major to cut spending on renewables and make big divestments, according to two people close to the situation.

Business Insider · 8m

Elliott has built nearly 5% stake in BP worth GBP 3.8B, FT reports

Activist hedge fund Elliott Management has built a stake of nearly 5% in BP (BP), becoming the oil major’s third-largest shareholder, as it

BP vows 'fundamental reset'

Marketplace · 10h

Oil giant BP promises a “fundamental reset.” What will that look like?

The oil and gas giant is expected to reverse course on renewable energy commitment due to decreased profits and a shifting political climate.

The New York Times · 1d

BP Vows ‘Fundamental Reset’ in Strategy as Profit Plunges

The energy giant was vague on details, but analysts say the changes is likely to include less spending on renewable sources and a bigger investment in oil and natural gas production.

YAHOO!Finance · 1d

BP vows ‘fundamental reset’ as it retreats from net zero

BP chief Murray Auchincloss says the restructuring will ‘be a new direction for BP’ - Amr Alfiky/Reuters. BP has halted all investment into renewable energy as part of a “fu

1d

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 ...

21h

BP: Strategy Shift, Stock Buybacks, Cheap P/E

BP p.l.c.'s Q4 earnings dropped 61% Y/Y due to lower petroleum prices and refining margins. Read why I remain very bullish on ...

6h

How Net-Zero’s Troubles Made BP Vulnerable

On this episode of In the City, we discuss what set the stage for Elliott Investment Management’s interest in the embattled ...

3d

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 ...

4d

Hospitals, clinics in Hyderabad report surge in viral fevers due to season change

Walk-in patients with typical upper respiratory tract infections have increased; many also reporting gut-related ailments ...

1d

BP CEO Says Oil Major’s Big Reset Has Been a Year in Making

BP Plc CEO Murray Auchincloss insisted that the company’s “fundamental reset” has been in the works for a year, while ...

Deccan Chronicle2d

DCA seizes falsely manufactured tablets in Ramagundam

Hyderabad: Telangana Drugs Control Administration (DCA) seized RedFer-XT tablets in Ramagundam of Peddapalli district for ...

ABP Live on MSN1d

BP Signs MoU With EIL To Collaborate On Oil, Gas, And Refining Projects At India Energy Week

Funded by the Ministry of Petroleum and Natural Gas, the event is jointly organised by the Federation of Indian Petroleum ...

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