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Activist Elliot takes near 5% stake in BP

Elliott builds BP stake of nearly 5%, pushes for big divestments, source says

Activist investor Elliott Management has built a near 5% stake in BP and is pushing the oil company to take radical action to transform its performance, including a big divestment programme, a source familiar with the matter told Reuters on Thursday.

Bloomberg L.P. · 1d

Elliott Pushes Big Cost Cuts at BP to Preserve Its Independence

Elliott Investment Management is demanding BP Plc make drastic cost cuts and divestments to strengthen its future as a standalone company, people with knowledge of the matter said.

Crude Oil Prices · 1d

Elliott Wants Big Asset Sales at BP After Building $4.75-Billion Stake

Activist investor Elliott Management has built a nearly 5% stake in BP and is pushing for major asset sales and strategic changes at the oil and gas giant.

1d

Hedge fund Elliott commands attention in C-suites as relentless activist

When Elliott Investment Management buys into a company to agitate for change, bankers and lawyers who have faced the hedge ...

5d

Elliott Management Targets BP Stake, Fueling Takeover Buzz

According to Bloomberg, Elliott Management, a well-known activist hedge fund, has acquired a stake in the struggling UK oil ...

17h

BP Investors Welcome Elliott as Oil Major Readies Strategy Reset

Several BP Plc shareholders said they welcome activist Elliott Investment Management taking a stake in the British oil major ...

5d

BP shares pop 7% after reports activist hedge fund Elliott has taken a stake in the struggling British oil major

BP shares jumped at the market open following weekend reports that activist investor Elliott Management has built a stake in ...

3don MSN

Elliott builds more than $2.5B stake in Phillips 66, wants it to sell or spin off midstream unit

Activist investor Elliott Investment Management LP has built up a more than $2.5 billion stake in Phillips 66, and is looking ...

3don MSN

Activist Elliott Ratchets Up Pressure on Phillips 66 With Over $2.5 Billion Stake

The activist investor plans to push the oil refiner to consider selling or spinning off its energy-transportation business.

3d

Elliott discloses over $2.5B position in Phillips 66, sends letter to board

Elliott Investment Management L.P., which manages funds that together have an investment of more than $2.5B in Phillips 66 (PSX), sent a letter ...

Hosted on MSN2d

Elliott Investment Management invests $2.5bn in Phillips 66

Elliott Investment Management has reportedly acquired a stake exceeding $2.5bn in Phillips 66 and plans to advocate for ...

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