Major BP (NYSE:BP) shareholder Elliott Management wants the company's incoming chairman to urgently improve the cost base and ...

Elliott Investment Management, one of BP's largest shareholders, on Monday called on the energy giant's new chairman Albert ...

BP shares provisionally closed 0.3% lower, erasing gains of as much as 5% from earlier in the session. The London-listed stock price is down around 8% year-to-date. Hedge fund Elliott Management ...

BP has been accused of “chronic underperformance” by US hedge fund Elliott as it stepped up pressure on the struggling oil ...

This makes Elliott BP's second-biggest shareholder after Blackrock at 9.2% and ahead of Vanguard at 4.95%, according to LSEG data. BP's current market valuation is around $76 billion.

Elliott Management and BP have declined to comment on the reports, which do not specify the size of any potential stake accrued by Paul Singer's hedge fund. The British oil major, which is set to ...

BP shares provisionally closed 0.3% lower, erasing gains of as much as 5% from earlier in the session. The London-listed stock price is down around 8% year-to-date. Hedge fund Elliott Management ...

BP CEO Auchincloss has been working to bolster investor confidence in the £74-billion ($91.87-billion) company, amid rising concerns over the clarity of BP's strategic direction as it navigates ...

Elliott also backs BP's independent strategy and did not propose a merger, according to the source. BP said that it will be laying out a fundamental reset of its strategy on February 26.

Last year, Elliott sought to have the airline's chief executive, Robert Jordan, removed. However, the fund reached an October 2024 settlement to add six new directors, including five candidates ...