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.
BP has a laundry list of problems. The $93 billion UK oil major has a confused strategy, an overleveraged balance sheet, and ...
BP Plc CEO Murray Auchincloss insisted that the company’s “fundamental reset” has been in the works for a year, while ...
The energy giant was vague on details, but analysts say the changes is likely to include less spending on renewable sources ...
BP will lay out a “fundamental reset of strategy and a new beginning” when it updates investors at the company's capital ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback