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

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

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

Elliott Investment Management, which is one of BP Plc’s largest shareholders, wants the energy giant’s incoming chairman to urgently improve the firm’s cost base and capital allocation, citing a weak ...

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.

Elliott, which is BP's (BP) second-largest shareholder after amassing a stake of slightly more than 5%, reportedly is not pushing for the removal of CEO Murray Auchincloss despite its ...

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 ...

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, especially on ...

Elliott has also taken a 0.6% short position in BP's rival TotalEnergies this month, according to filings to France's financial regulator AMF.

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 ...