Elliott builds BP stake of nearly 5%, pushes for big divestments, source says
Activist investor Elliott Management has built a near 5% stake in BP and is pushing the oil company to take radical action to transform its performance, including a big divestment programme, a source familiar with the matter told Reuters on Thursday.
For many decades, BP Plc and Shell Plc were the closest of rivals — equivalent in size, with matching clout in energy markets ...
Indeed, BP could fetch $26bn by disposing of some of its low carbon, pipeline and marketing businesses, Goldman Sachs ...
Beleaguered shareholders of BP Plc who’ve watched their investment lag over the past few years are banking on activist ...
Elliott is known for its aggressive activism in the companies it invests in, frequently pushing for rapid and significant ...
Activist investor Elliott Management is expected to push for BP to pivot back towards traditional oil and gas.
BP has been ordered to cut spending on renewable energy by its third largest shareholder as pressure grows on the oil giant ...
BP shares jumped early Monday following weekend reports that activist investor Elliott Management has built a stake in the ...
After a quarter century of lagging behind competitors, British oil giant BP has attracted the attention of big hedge fund ...
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