It is thought Elliott could push for a break-up of BP, an overhaul of its leadership team or a sale. The move piles pressure on boss Murray Auchincloss to focus on fossil fuels and cut investment ...

Murray Auchincloss, BP’s chief executive, will set out a new company strategy on February 26 BP shares have surged after it emerged that activist hedge fund Elliott has built a stake in the oil ...

BP CEO Murray Auchincloss, appointed in January last year, has struggled to reverse the company's underperformance. Expectations Elliott's acquisition of a stake will spur reform on Monday drove ...

BP CEO Murray Auchincloss, appointed in January last year, has struggled to reverse the company's underperformance. Expectations Elliott's acquisition of a stake will spur reform on Monday drove ...

It comes just three weeks after BP said it would cut 5% of its global workforce as part of a cost-cutting drive as pressure grows on CEO Murray Auchincloss to arrest a decline in profitability and ...

Earlier this week, BP announced its intention to sell a refining site in Germany, aligning with CEO Murray Auchincloss' plans to reduce company costs by at least $2bn by the end of 2026.

New CEO Murray Auchincloss has pushed efforts to cut costs in the business and, in January, announced that BP would cut almost 8,000 jobs across the company's staff and contractors. Read next ...