BP Promises ‘Fundamental Reset’ as Activist Elliott Builds Stake
BP Plc promised major changes at its upcoming strategy update, seeking to reverse a prolonged period of under-performance that has now drawn in activist Elliott Investment Management.Most Read from BloombergSaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterNice Airport,
After a quarter century of lagging behind competitors, British oil giant BP has attracted the attention of big hedge fund ...
BP CEO Murray Auchincloss pledged on Tuesday to fundamentally reset the company's strategy as it reported a 35% fall in ...
The energy giant was vague on details, but analysts say the changes is likely to include less spending on renewable sources ...
BP ’s investments in low-carbon ventures added to the financial strain. The dismal results coincided with reports that ...
Elliott Management reveals a sizable stake in London-based BP plc. RBC analysts expect the activist investor to push for ...
Activist investor Elliott Investment Management LP has built up a more than $2.5 billion stake in Phillips 66, and is looking ...
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