Elliott Pushes Big Cost Cuts at BP to Preserve Its Independence
Elliott Investment Management is demanding BP Plc make drastic cost cuts and divestments to strengthen its future as a ...
Activist Elliott Wants to End 15 Years of BP Losing Out to Shell
For many decades, BP Plc and Shell Plc were the closest of rivals — equivalent in size, with matching clout in energy markets ...
BP’s overhaul can start with a new Chair
BP has a laundry list of problems. The $93 billion UK oil major has a confused strategy, an overleveraged balance sheet, and ...
BP rises Friday, outperforms market
BP PLC closed 13.53% short of its 52-week high of £5.41, which the company reached on April 12th.
BP PLC (BP) Q4 2024 Earnings Call Highlights: Strategic Progress and Shareholder Returns Amidst ...
BP PLC (BP) reports increased upstream production, a 10% dividend hike, and $7 billion in share buybacks, while navigating ...
Reliance Industries and BP lose decade-long gas drilling dispute in India
In a significant ruling on Friday, an Indian court sided against Reliance Industries (NSE:RELI) Ltd., owned by billionaire Mukesh Ambani, and its partner BP (NYSE:BP) Plc in a gas drilling dispute ...
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 ...
BP Q4 Results: Lower Revenue, Rising Debt, CEO Pledges Fundamental Strategy Shift And More
BP PLC shares are trading lower after the company reported fourth-quarter results. Sales and other operating revenues came in ...
UBS raises BP stock price target to GBP5.25, maintains Buy rating
UBS analyst Henri Patricot adjusted the price target for BP Plc. (NYSE:BP:LN) (NYSE: BP), increasing it to GBP5.25 from the previous GBP5.00, while reaffirming a Buy rating on the shares. The ...
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BP Stock In Spotlight After Report Says Elliott Acquires About $5B Stake, Aims To Push For Asset Sales: Retail Mood Brightens
BP Plc (BP) stock garnered retail attention premarket on Thursday after a report said activist investor Elliott has taken up a nearly $5 billion stake in the company and would push for asset sales. A ...