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

For many decades, BP Plc and Shell Plc were the closest of rivals — equivalent in size, with matching clout in energy markets ...

Oil futures tallied back-to-back session losses on Thursday, a day after President Donald Trump said that he and President Vladimir Putin of Russia had agreed to begin talks on ending the war in ...

At the headquarters of Elliott Management in New York, the hedge fund’s energy team now has T-shirts with “Gulf of America” printed on them, including one with a picture of Donald Trump as a pirate, ...

Elliott, led by boss Paul Singer (pictured), is expected to push BP to cut renewables and make big divestments to address its ...

European shares closed at a record high on Thursday, as investors cheered upbeat earnings from German industrial giant ...

Indeed, BP could fetch $26bn by disposing of some of its low carbon, pipeline and marketing businesses, Goldman Sachs ...

The more buoyant tone for equity markets appears to have been driven by a combination of softer yields, dropping to the ...

Elliott Investment Management is demanding BP (BP) make significant cost cuts and divestments to strengthen its future as a standalone company, ...

Elliott Investment Management is demanding BP Plc make drastic cost cuts and divestments to strengthen its future as a ...

Activist investor Elliott Management has built a near 5% stake in BP and is pushing the oil company to take radical action to ...

Elliott Capital Management, an activist investor, has acquired a stake close to 5% in British multinational oil and gas ...