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.
Activist investor Elliott Capital Management is pushing Phillips 66 (PSX) to sell or spin off its midstream business—with the firm saying a sale could generate in the neighborhood of $45 billion ...
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Elliott engaged Phillips 66 in November 2023, calling for a series of improvements. The activist has since grown its position ...
BP has a laundry list of problems. The $93 billion UK oil major has a confused strategy, an overleveraged balance sheet, and ...
For many decades, BP Plc and Shell Plc were the closest of rivals — equivalent in size, with matching clout in energy markets ...
BP shares rose sharply after it was revealed that activist hedge fund Elliott Investment Management had taken a stake in the ...
Analysts suggest hedge fund will want board room shake-up, E&P focus, asset sales, spin-offs and could 'smoke out' corporate ...
Elliott is known for its aggressive activism in the companies it invests in, frequently pushing for rapid and significant ...
Elliott Investment Management is demanding BP Plc make drastic cost cuts and divestments to strengthen its future as a ...
KEY TAKEAWAYS BP announced plans to "fundamentally reset" its strategy Tuesday as Elliott Investment Management reportedly ...
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