Activist Elliot takes near 5% stake in BP

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.
BP shares jump 7% after Elliott Management takes stake – will there be leadership changes?
BP shares surged on Monday, rising nearly 7% in early trading, after reports emerged that activist hedge fund Elliott Investment Management had acquired a stake in the British oil giant. The size of Elliott’s holding has not been disclosed,
Elliott Wants Big Asset Sales at BP After Building $4.75-Billion Stake
Activist investor Elliott Management has built a nearly 5% stake in BP and is pushing for major asset sales and strategic changes at the oil and gas giant.
Elliott Takes Stake in Struggling Oil Giant BP
The activist hedge fund is encouraging BP to consider more dramatic moves to restore the once venerable company’s fortunes.
BP Stock Jumps as Elliott Reportedly Builds Stake
BP's U.S.-listed shares are rising 6% Monday following reports that activist hedge fund Elliott Investment Management has amassed a stake in the British oil giant and is seeking to make changes.
Elliott builds $5 billion stake in BP, Financial Times reports
Activist investor Elliott Management has disclosed a near 5% stake of about 3.8 billion pounds ($4.75 billion) in BP, making it the oil company's third-largest shareholder, the Financial Times reported on Thursday,
Activist Elliot takes near 5% stake in BP as it pushes to cut spending on renewables and make big divestment
Elliott, led by boss Paul Singer (pictured), is expected to push BP to cut renewables and make big divestments to address its 'profound' undervaluation.
Elliot builds near 5% stake in BP, becomes third-biggest shareholder - FT
Elliott Management became the third-largest shareholder of British oil giant BP (NYSE:BP) by acquiring a near-5% stake valued at approximately £3.8 billion ($4.74 billion), the Financial Times reported Thursday,
Cage rattler Elliott may spy big value in a smaller BP
Indeed, BP could fetch $26bn by disposing of some of its low carbon, pipeline and marketing businesses, Goldman Sachs ...
Hedge fund Elliott commands attention in C-suites as relentless activist
When Elliott Investment Management buys into a company to agitate for change, bankers and lawyers who have faced the hedge ...
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Elliott Investment Management invests $2.5bn in Phillips 66
Elliott Investment Management has reportedly acquired a stake exceeding $2.5bn in Phillips 66 and plans to advocate for ...
Elliott builds more than $2.5B stake in Phillips 66, wants it to sell or spin off midstream unit
Activist investor Elliott Investment Management LP has built up a more than $2.5 billion stake in Phillips 66, and is looking ...
How hedge fund Elliott shook BP from its strategic slump
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, ...
BP Announces Strategy Reset to Focus on Cash Flow, Returns
BP said profit fell more than expected and that it would reset its strategy, days after reports that activist hedge fund ...
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Phillips 66 Investor Elliott Urges Sale or Separation of Midstream Business
Phillips 66 (PSX) investor Elliott Investment Management urged the oil refiner on Tuesday to spin off or sell its midstream business, which it said could command a valuation of more than $40 billion.