BP ’s investments in low-carbon ventures added to the financial strain. The dismal results coincided with reports that ...

Elliott Investment Management is at it again, this time sinking its teeth into U.S. refiner Phillips 66 with a $2.5 billion stake and a laundry list of demands.

After a quarter century of lagging behind competitors, British oil giant BP has attracted the attention of big hedge fund ...

Elliott Investment Management said on Tuesday it has built a stake of more than $2.5 B in U.S. refiner Phillips 66 and plans to push for operational changes and the sale of the company's midstream ...

The energy giant was vague on details, but analysts say the changes is likely to include less spending on renewable sources ...

Shares of BP (BP) and Phillips 66 (PSX) are moving in opposite directions today, amid earnings and investment news ...

BP Plc CEO Murray Auchincloss insisted that the company’s “fundamental reset” has been in the works for a year, while ...

The oil and gas major now has an influential activist investor. That puts even more pressure on CEO Murray Auchincloss.

Murray Auchincloss, BP's CEO, plans a strategic overhaul following a significant 35% drop in annual profits, partly driven by Elliott Investment Management's stake and rising pressures. BP's profit ...

The government of Trinidad and Tobago and Woodside Energy have reached an initial agreement on the commercial terms for ...

Phillips 66 shares are jumping 4% in intraday trading Tuesday following a report by The Wall Street Journal that Elliott ...

BP CEO Murray Auchincloss pledged on Tuesday to fundamentally reset the company's strategy as it reported a 35% fall in ...