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· 16h · on MSN
BP Earnings Miss. How Elliott Stake News Is Affecting the Stock.
The oil and gas major now has an influential activist investor. That puts even more pressure on CEO …
· 17h
BP Promises ‘Fundamental Reset’ as Activist Elliott Builds Stake
· 1d
BP shares climb on prospect Elliott stake will drive change
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· 5h
Energy Up as Elliott Buys Into Phillips 66, BP -- Energy Roundup
· 12h
BP to ‘Reset’ Strategy After Pressure From Investors, C.E.O. Says
· 10h
BP Promises Big Changes After Attracting An Uninvited Guest
· 1d · on MSN
BP shares pop 7% after reports activist hedge fund Elliott has taken a stake in the struggling British oil major
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Reuters
https://www.reuters.com › business › energy › bp-shares...
BP shares climb on prospect Elliott stake will drive change
1 day ago · Shares in BP rose by 7% on Monday, and were on track for the biggest daily gain in two years, as investors anticipated that activist shareholder Elliott Management will press for …
Investopedia
https://www.investopedia.com
BP Stock Jumps as Elliott Reportedly Builds Stake - Investopedia
1 day ago · 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 …
Invezz
https://invezz.com › news › three-key...
Three key changes Elliott could push BP to adopt - Invezz
1 day ago · Elliott Management reveals a sizable stake in London-based BP plc. RBC analysts expect the activist investor to push for three changes. BP stock has gained more than 25% …
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Interesting reads - Elliott BP
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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.
The Wall Street Journal
BP shares pop 6% 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 struggling oil major.
CNBC
BP shares jump after feared US hedge fund Elliott takes stake
Shares in BP jumped 7% on Monday after it emerged that the activist investor Elliott Investment Management had taken a stake in the UK oil company. The stock rose as investors bet that Elliott, a feared New York hedge fund known for its attempts to shake up listed companies, would push for an overhaul of BP’s strategy, along with a revamp of its board. Elliott’s arrival could lead to the departure of BP’s chair, Helge Lund, and put pressure on...
The Guardian
BP shares hit highest since August after Elliott builds stake
LONDON (Reuters) - Shares in oil major BP rose as much as 7% to their highest since August in early trade on Monday after Reuters reported Elliott Management had built a stake in the company, citing a source. By 0808 GMT, the shares were up 6.6% to 461.55 pence per share, on track for their biggest daily gain since February 2023. (Reporting by Samuel Indyk; Editing by Amanda Cooper)
Reuters
BP Shares Jump as Elliott Management Takes Stake, Pressuring Oil Major on Strategy
BP shares surged early Monday after reports surfaced that activist investor Elliott Management has taken a stake in the oil major. BP has underperformed its British and U.S. energy peers. The company is set to release fourth-quarter results on Tuesday and outline its broader strategy on February 26th. The company recently warned of higher costs, lower refining margins, and one-off charges. BP is cutting 4,700 jobs as part of CEO Murray Auchincloss’ cost-saving plan. Shares rose over 6% in London trading on Monday.
Benzinga
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Yahoo Finance
https://finance.yahoo.com › news
BP Shares Jump After Activist Investor Elliott Builds Stake - Yahoo …
2 days ago · Elliott’s intervention comes after BP stumbled through a series of missteps over the past 15 years, from the Deepwater Horizon disaster to former Chief Executive Officer Bernard …
Financial Times
https://www.ft.com › content
Investors warn BP will face radical changes after Elliott takes stake
1 day ago · BP could be forced to change its management, list in the US or even break up after the activist hedge fund Elliott Management built a stake in the UK oil major, leading investors …
Morningstar
https://www.morningstar.com › news › dow-jones › ...
BP Shares Jump on Reports Activist Hedge Fund Elliott
1 day ago · 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 …
People also ask
How big is Elliott's stake in BP?
While the size of Elliott’s stake in BP is unknown, the hedge fund’s reputation as a force for change boosted the oil major’s share price by 7 per cent on Monday. Other investors said that at a minimum, BP would have to refocus on its core oil and gas business after years of building a wide range of green energy projects.
Investors warn BP will face radical changes after Elliott takes stake
ft.com
Why did BP move its strategy update from New York to London?
Last month, Murray Auchincloss, BP’s chief executive, delayed the strategy update and moved it from New York to London after undergoing an undisclosed medical procedure. Another top 20 investor said: “Elliot is probably investing at quite a good time because the company is already making changes.”
Investors warn BP will face radical changes after Elliott takes stake
ft.com
What is BP CEO Murray Auchincloss doing to restore investor confidence?
BP Chief Executive Murray Auchincloss has been working towards rebuilding investor confidence in the company. In January, the company said it will cut over 5% of its global workforce. Auchincloss is also seeking to restore confidence following the abrupt departure of his predecessor Bernard Looney in September 2023.
Activist Elliott Builds Stake in Oil Major BP, Source Says
money.usnews.com
Should BP invest in Auchincloss?
Auchincloss is expected to put greater focus on the core oil and gas business, with less emphasis on renewable energy. But there are many questions about whether BP has the resources to accomplish such a pivot quickly, and whether investors still have patience.
BP Faces Pivotal Moment as Activist Investor Elliott Enters Fray
finance.yahoo.com
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Markets Insider
https://markets.businessinsider.com › news › stocks › bp...
BP Shares Jump 8% After Activist Investor Elliott Takes a Stake ...
1 day ago · 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 …
The Wall Street Journal
https://www.wsj.com › business › energy-oil › elliott...
Elliott Takes Stake in Struggling Oil Giant BP - WSJ
2 days ago · Activist hedge fund Elliott Management has built a stake in British oil major BP BP 7.36% increase; green up pointing triangle and will push for transformational changes to …
CNBC
https://www.cnbc.com › activist-elliott...
Activist Elliott builds stake in oil major BP, source says
3 days ago · Activist investor Elliott Investment Management has built a stake in oil major BP, a source familiar with the matter told Reuters on Saturday.
U.S. News
https://money.usnews.com › investing › news › articles › ...
Activist Elliott Builds Stake in Oil Major BP, Source Says - U.S. News
4 days ago · Elliott and BP declined to comment. The activist investor sees BP as undervalued, Bloomberg reported. BP has a market capitalization of about 69 billion pounds ($85.62 billion), …

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