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Three key changes Elliott could push BP to adopt - MSNBP plc (LON: BP) is in focus this morning after activist investor Elliott Management revealed a stake in the energy giant that has lagged its peers in recent years. Elliott did not disclose the ...
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From Southwest to BP, Elliott and other activists are shaking up ...More recently, Elliott has been pushing British oil giant BP to divest some of its businesses and Phillips 66 to sell its midstream assets. ...
BP shares whipsawed on Wednesday after activist investor Elliott went public with a stake of more than 5% in the struggling British oil major, which has pivoted back to oil in a bid to restore ...
Elliott builds BP stake of nearly 5%, pushes for big divestments, source says. Economy. Published 02/13/2025, 06:36 AM. Updated 02/13/2025, 11:22 AM.
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, ...
Elliott would like BP to cut its spending to around $12 billion a year, down from a current range of $13 billion-$15 billion, through to 2027, and deepen its cost cuts, ...
BP shares whipsawed on Wednesday after activist investor Elliott went public with a stake of more than 5% in the struggling British oil major.
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