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BP, Elliott

Barron's on MSN · 18h

BP Earnings Hit 4-Year Low. How the Elliott Stake Is Affecting the Stock.

The oil and gas major now has an influential activist investor. That puts even more pressure on CEO Murray Auchincloss.

Investopedia on MSN · 21h

BP Plans to 'Fundamentally Reset' Strategy Amid Reports of Elliott Stake

BP announced plans to "fundamentally reset" its strategy Tuesday as Elliott Investment Management reportedly has taken a "significant" stake in the British oil giant.

Reuters · 1d

BP shares climb on prospect Elliott stake will drive change

Shares in BP rose by 7% on Monday, and were on track for the biggest daily gain in two years, as investors anticipated that activist shareholder Elliott Management will press for board changes and strategy shifts to boost returns.

BP pledges strategy reset

The New York Times · 10h

BP Vows ‘Fundamental Reset’ in Strategy as Profit Plunges

The energy giant was vague on details, but analysts say the changes is likely to include less spending on renewable sources and a bigger investment in oil and natural gas production.

Reuters · 19h

BP pledges strategy reset as annual profit falls by a third

BP CEO Murray Auchincloss pledged on Tuesday to fundamentally reset the company's strategy as it reported a 35% fall in annual profits, missing analysts' expectations.

Bloomberg L.P. · 1d

BP Misses Income Estimates, Pledges Strategy ‘Reset’

Two key words: strategy reset. What does that mean? It's a good question. I think people have a suspect, what it could mean and why they might be doing it this time. Obviously, over the weekend, we had the news that Elliott investment management has taken a stake in BP and was going to planning to push for significant changes.

16h

BP Promises Big Changes After Attracting An Uninvited Guest

After a quarter century of lagging behind competitors, British oil giant BP has attracted the attention of big hedge fund ...

1don MSN

Three key changes Elliott could push BP to adopt

Elliott Management reveals a sizable stake in London-based BP plc. RBC analysts expect the activist investor to push for ...

NBC Los Angeles1d

British oil major BP reports sharp drop in fourth-quarter profit, vows strategy reset

British oil major BP on Tuesday posted a sharp drop in fourth-quarter profit, pledging to “fundamentally” reset the embattled energy company’s strategy.

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BP, Elliott

BP pledges strategy reset

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