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.
Norwegian oil exploration and production company Aker BP , built from a series of mergers and acquisitions in the last decade ...
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 ...
Profit at oil and gas giant BP slumped by nearly 50 per cent in the fourth quarter of last year as the group took hefty ...
Several BP Plc shareholders said they welcome activist Elliott Investment Management taking a stake in the British oil major ...
Elliott Management has built $4.7bn stake and now says 'time for minor course corrections is long gone', reports FT ...
BP’s shares are on the up despite poor Q4 results, as shareholders look to activist investor Elliott Investment Management to ...
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BP PLC (BP) reports increased upstream production, a 10% dividend hike, and $7 billion in share buybacks, while navigating ...
After a quarter century of lagging behind competitors, British oil giant BP has attracted the attention of big hedge fund ...
The energy giant was vague on details, but analysts say the changes is likely to include less spending on renewable sources ...
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