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.
For many decades, BP Plc and Shell Plc were the closest of rivals — equivalent in size, with matching clout in energy markets ...
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 jumped early Monday following weekend reports that activist investor Elliott Management has built a stake in the ...
Shares in BP rose by 7% on Monday, and were on track for the biggest daily gain in two years, as investors anticipated that ...
Beleaguered shareholders of BP Plc who’ve watched their investment lag over the past few years are banking on activist ...
Elliott is known for its aggressive activism in the companies it invests in, frequently pushing for rapid and significant ...
Indeed, BP could fetch $26bn by disposing of some of its low carbon, pipeline and marketing businesses, Goldman Sachs ...
Activist investor Elliott Management is expected to push for BP to pivot back towards traditional oil and gas.
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