Major BP (NYSE:BP) shareholder Elliott Management wants the company's incoming chairman to urgently improve the cost base and ...

Elliott Investment Management, one of BP's largest shareholders, on Monday called on the energy giant's new chairman Albert ...

Last week, BP appointed a new chairman, Albert Manifold, who is likely to be sympathetic to the changes demanded by Elliott when it acquired over 5% of the oil company some time before April, making ...

BP has been accused of “chronic underperformance” by US hedge fund Elliott as it stepped up pressure on the struggling oil ...

BP plc (LON: BP) is in focus this morning after activist investor Elliott Management revealed a stake in the energy giant that has lagged its peers in recent years. Elliott did not disclose the ...

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

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

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 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.

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.

BP shares whipsawed on Wednesday after activist investor Elliott went public with a stake of more than 5% in the struggling British oil major, which has pivoted back to oil in a bid to restore ...