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 ...

In selling the selection to the City, BP and its advisers have pointed to Manifold's stellar, under-the-radar performance at ...

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 ...

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 ...

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

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.

BP shares whipsawed on Wednesday after activist investor Elliott went public with a stake of more than 5% in the struggling British oil major.

More recently, Elliott has been pushing British oil giant BP (BP) to divest some of its businesses and Phillips 66 (PSX) to sell its midstream assets.

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 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.