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.
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 break-up pressure builds as activist investor Elliott takes stake
BP is under mounting pressure to break itself up and ditch its net zero projects after activist hedge fund Elliott built a stake in the business...
BP stock price surges as activist investor Elliott builds stake in under-pressure supermajor
Analysts suggest hedge fund will want board room shake-up, E&P focus, asset sales, spin-offs and could 'smoke out' corporate interest
BP Investors Welcome Elliott as Oil Major Readies Strategy Reset
Several BP Plc shareholders said they welcome activist Elliott Investment Management taking a stake in the British oil major because the company needs to make meaningful changes.
Elliott Urges BP to Ditch Green Investments as it Builds 5% Stake
Elliott Management, the activist investor, has built a stake of almost 5% in BP (BP) and is pressing the oil producer to abandon its green
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.
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Elliott Turns Up the Heat: $2.5B Stake Pushes Phillips 66 Toward a Breakup
Activist investor Elliott demands major changes at Phillips 66, calling for asset sales, leadership overhaul, and higher refining targets.
Honeywell, one of few remaining industrial conglomerates, to split into 3 companies
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BP Shares Jump on Reports Activist Hedge Fund Elliott Management Builds Stake
BP Chairman Helge Lund is also regarded as vulnerable given Elliott's history of calling for management changes, both sets of analysts write. Lund is closely associated with BP's prior ...