Major BP (NYSE:BP) shareholder Elliott Management wants the company's incoming chairman to urgently improve the cost base and ...

BP has been accused of “chronic underperformance” by US hedge fund Elliott as it stepped up pressure on the struggling oil ...

Last week, BP appointed a new chairman, Albert Manifold, who is likely to be sympathetic to the changes demanded by Elliott when it acquired over 5% of the oil company some time before April, making ...

While the stock has not outperformed its peers over the past five years, the company has become a potential takeover target for larger firms. Even if a takeover doesn’t happen, the activist investor ...

Elliott also backs BP's independent strategy and did not propose a merger, according to the source. BP said that it will be laying out a fundamental reset of its strategy on February 26.

Elliott Investment Management, which is one of BP Plc’s largest shareholders, wants the energy giant’s incoming chairman to urgently improve the firm’s cost base and capital allocation, citing a weak ...

It’s built up a nearly 5% interest in BP, according to the people, which would be worth around £3.7 billion ($4.6 billion) at BP’s current share price and make it one of Elliott’s biggest ...

Update at 3 p.m. Adds response from BP. Elliott Investment Management has acquired a stake in BP (NYSE:BP), Bloomberg reported Saturday, citing people familiar with the matter.

BP’s share price surged more than 6% in early morning trading on Monday after it was revealed that US activist shareholder Elliott Investment Management has built up a considerable stake in the ...

(Reuters) -BP Chair Helge Lund intends to step down "likely during 2026", the energy group said on Friday amid a campaign by activist hedge fund Elliott for more change at the company.

Elliott, which is BP's second-largest shareholder after amassing a stake of slightly more than 5%, reportedly is not pushing for the removal of CEO Murray Auchincloss despite its ...

Elliott Investment Management, one of BP's largest shareholders, on Monday called on the energy giant's new chairman Albert ...