Activist Elliott Wants to End 15 Years of BP Losing Out to Shell
For many decades, BP Plc and Shell Plc were the closest of rivals — equivalent in size, with matching clout in energy markets ...
Investors warn BP will face radical changes after Elliott takes stake
BP could be forced to change its management, list in the US or even break up after the activist hedge fund Elliott Management ...
Elliott’s Activism Success Gives Hope for BP’s Depressed Shares
Beleaguered shareholders of BP Plc who’ve watched their investment lag over the past few years are banking on activist ...
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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 ...
Elliott builds £3.8bn stake in BP and seeks big asset sales
Activist Elliott Management has become BP’s third-largest shareholder after building a near-5 per cent stake worth almost £3.8bn, as it seeks to force the troubled UK oil major to cut spending on ...
BP’s overhaul can start with a new Chair
BP has a laundry list of problems. The $93 billion UK oil major has a confused strategy, an overleveraged balance sheet, and ...
Elliott Pushes Big Cost Cuts at BP to Preserve Its Independence
Elliott Investment Management is demanding BP Plc make drastic cost cuts and divestments to strengthen its future as a ...
British Oil Major BP Vows Strategy Reset as Profits Slide to 4-Year Low
British oil giant BP (BP) pledged to “fundamentally reset” its strategy as profits in its Fiscal fourth quarter slid to a ...
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BP shares hit highest since August on news of Elliott stake
Shares in oil major BP rose by 7% to their highest since August in early trade on Monday, after Reuters reported activist ...
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BP Shares Jump as Elliott Management Takes Stake, Pressuring Oil Major on Strategy
BP shares surged early Monday after reports surfaced that activist investor Elliott Management has taken a stake in the oil major. BP has underperformed its British and U.S. energy peers. The company ...
Honeywell Stock Falls After Split News Despite GE’s Spin-Off Success
Elliott Investment Management said a breakup of Honeywell could push the stock up 51% to 75% over the next two years. But ...
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Elliott has reportedly increased its Phillips 66 stake. Here's its plan.
Refiner Phillips 66 is the latest target of activist investor Elliott Management that is aggressively ... when reports emerged that Elliott was building a stake. The investor also has taken ...