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 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 standalone company, people with knowledge of the matter said. Most Read from BloombergCan Portland Turn a Corner?
BP Earnings Hit 4-Year Low. How the Elliott Stake Is Affecting the Stock.
The oil and gas major now has an influential activist investor. That puts even more pressure on CEO Murray Auchincloss.
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
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 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.
BP shares jumped 8% after renowned activist investor Elliott took a stake in the energy giant
Elliott is known for its aggressive activism in the companies it invests in, frequently pushing for rapid and significant change.
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.
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.
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 ...
BP: The Strategic Shift Investors Want
BP trades at around 10x this year's profits, while its American peer XOM trades at 14-15x this year's profits. See what makes ...
BP shares pop 7% after reports activist hedge fund Elliott has taken a stake in the struggling British oil major
BP shares jumped early Monday following weekend reports that activist investor Elliott Management has built a stake in the ...
BP shares climb on prospect Elliott stake will drive change
Shares in BP rose by 7% on Monday, and were on track for the biggest daily gain in two years, as investors anticipated that ...
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’s BP stake worth £3.8bn as firm expected to ditch green promises
Activist investor Elliott Management is expected to push for BP to pivot back towards traditional oil and gas.
BP Promises Big Changes After Attracting An Uninvited Guest
After a quarter century of lagging behind competitors, British oil giant BP has attracted the attention of big hedge fund ...
BP Vows ‘Fundamental Reset’ in Strategy as Profit Plunges
The energy giant was vague on details, but analysts say the changes is likely to include less spending on renewable sources ...