Activist investor Elliott Management is expected to push for BP to pivot back towards traditional oil and gas.

Elliott Management, the activist investor, has built a stake of almost 5% in BP (BP) and is pressing the oil producer to abandon its green ...

UK supermajor BP has admitted it is in need of a “fundamental” change of direction, to cite the words of its chief executive, ...

After a quarter century of lagging behind competitors, British oil giant BP has attracted the attention of big hedge fund ...

The energy giant was vague on details, but analysts say the changes is likely to include less spending on renewable sources ...

Elliott is known for its aggressive activism in the companies it invests in, frequently pushing for rapid and significant ...

BP CEO Murray Auchincloss pledged on Tuesday to fundamentally reset the company's strategy as it reported a 35% fall in ...

Mr Auchincloss was appointed to the top role in January last year, having been acting chief executive since September 2023 following the surprise resignation of Bernard Looney after BP’s former ...

UK supermajor BP saw its profit drop 60% in the fourth quarter of 2024, slightly missing analyst forecasts, as chief ...

The reported stake-buying by Elliott has fuelled speculation over strategy changes at the oil giant and an overhaul of its management.

Elliott Management, managing $70B, has reportedly taken a stake in BP, urging significant changes to improve performance.

BP plans to "fundamentally reset" its strategy and focus on improving shareholder returns, amid pressure from investors and ...