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

Investors are frustrated at the valuation gap between BP and its London-listed rival Shell, as well as US energy giants ...

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

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

BP boss vows to ‘reset’ strategy after annual profits slump - The FTSE 100 firm reported a 36% drop in profits to £7 billion, ...

British oil giant BP (BP) pledged to “fundamentally reset” its strategy as profits in its Fiscal fourth quarter slid to a ...

(Reuters) - BP's fourth-quarter profit fell to $1.17 billion on Tuesday, marking the lowest earnings for the oil major in ...

The activist hedge fund is looking to boost the oil giant's value by pushing for "transformative measures," per Bloomberg, ...

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

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

Shares in BP rose on reports that activist hedge fund Elliott Management has built up a stake in the British energy major and will push for transformational changes to boost shareholder value.

(Alliance News) - Elliott Investment Management has built a significant stake in BP PLC, and called on the oil major to consider transformative measures, according to Bloomberg. Shares in BP rose 7.4% ...