Elliott Management Targets BP Stake, Fueling Takeover Buzz
According to Bloomberg, Elliott Management, a well-known activist hedge fund, has acquired a stake in the struggling UK oil ...
Three key changes Elliott could push BP to adopt
Elliott Management reveals a sizable stake in London-based BP plc. RBC analysts expect the activist investor to push for ...
Why BP Is Rallying Today
Major UK-based oil producer BP (BP) is advancing 6% today after an activist investor reportedly acquired a meaningful stake ...
BP Announces Strategy Reset to Focus on Cash Flow, Returns
BP said profit fell more than expected and that it would reset its strategy, days after reports that activist hedge fund ...
BP's fourth-quarter earnings drops to four-year low
BP's fourth-quarter profit fell to $1.17 billion on Tuesday, marking the lowest earnings for the oil major in four years as weak margins dented its refining business. BP's underlying replacement cost ...
BP profits drop as it says it will reset strategy
Oil giant BP's profits dropped sharply last year with the firm saying it will "fundamentally reset" its strategy. It is ...