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 ...

BP named outsider Albert Manifold, the former boss of building materials producer CRH , as its new chairman on Monday, as it ...

Albert Manifold, the former chief executive of building materials company CRH, will join the BP board in September and take ...

While the stock has not outperformed its peers over the past five years, the company has become a potential takeover target for larger firms. Even if a takeover doesn’t happen, the activist investor ...

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 ...

Muted market response to former CRH chief’s appointment belies reputation as ‘shrewd operator’ and ‘man on a mission’ ...

Elliott and BP did not provide any comments in regard to the matter. BP, with a market capitalisation of approximately £69bn, is valued at less than half of its rival Shell at around £161bn.

BP shares surged 8% after an activist hedge fund took a stake in the company. It was reported over the weekend that Elliott Management had taken a stake in the energy giant. BP's share price has ...

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.

Update at 3 p.m. Adds response from BP. Elliott Investment Management has acquired a stake in BP (NYSE:BP), Bloomberg reported Saturday, citing people familiar with the matter.