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 ...

Will the appointment on Monday of another Dubliner, former CRH boss Albert Manifold, as incoming chairman help reboot the ...

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 ...

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

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.

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.