Elliott Investment Management has reportedly acquired a stake exceeding $2.5bn in Phillips 66 and plans to advocate for operational changes, including the sale of the company's midstream business.

Activist investor Elliott Management has reported taking up a stake in the oil (CL=F, BZ=F) company. Elliott Management has also disclosed its up to $2.5 billion stake in Phillips 66 (PSX ...

Shares in BP surged seven percent following the announcement that activist hedge fund Elliott Investment Management had taken a position in the company, though the size of the stake is currently ...

Elliott Investment Management has built a significant stake in BP Plc, according to people familiar with the matter, as the British oil major struggles to win back investor confidence and reverse ...

According to Bloomberg, Elliott Management, a well-known activist hedge fund, has acquired a stake in the struggling UK oil giant BP (BP). This move has stirred up the London market, where ...

Energy giant BP's shares have soared after activist hedge fund Elliott Investment Management revealed it has taken a stake in the British company. Shares in BP rose by as much as 8.2% in early ...

Shares in BP rose on reports that activist hedge fund Elliott Management has built up a stake in the British energy major and will push for transformational changes to boost shareholder value.

Feb 11 (Reuters) - Activist Elliott Investment Management has built an over $2.5 billion stake in U.S. oil refiner Phillips 66 (PSX.N), opens new tab and plans to push for operational changes to ...

NEW YORK -- Activist investor Elliott Investment Management LP has built up a more than $2.5 billion stake in Phillips 66, and is looking for the energy company to either sell or spin off its ...

Shares of British oil major BP Inc are sharply higher in early trade in Europe, up over 7% after activist investor Elliott Management reported purchased a significant stake, news reports by FT as ...