BP: Strategy Shift, Stock Buybacks, Cheap P/E
BP p.l.c.'s Q4 earnings dropped 61% Y/Y due to lower petroleum prices and refining margins. Read why I remain very bullish on ...
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 ...
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.
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.
Hart Energy1d
Elliott Demands Phillips 66 Sell or Spin Off Midstream Biz for $40B+
Activist investor Elliott Capital Management disclosed Feb. 11 it has built a $2.5 billion position in Phillips 66 and issued ...
MoneyWeek1d
BP shares gain despite worst results since pandemic on activist investor hopes
BP’s shares are on the up despite poor Q4 results, as shareholders look to activist investor Elliott Investment Management to ...
dailybusinessgroup1d
CEO says BP to reset strategy as Q4 profits slump
BP is to reset its strategy as it comes under pressure from an activist shareholder and has seen profits weaken.
Business Times1d
BP pledges strategy reset as annual profit falls by a third
BP CEO Murray Auchincloss pledged on Tuesday (Feb 11) to fundamentally reset the company’s strategy as it reported a 35 per ...
Investors Chronicle1d
BP profits tumble ahead of new strategy launch
Operationally, divestments and project timing mean 2025 will see production come down, alongside lower volumes in the petrol ...
BP Announces Strategy Reset to Focus on Cash Flow, Returns — Update
The British oil and gas giant's Chief Executive Murray Auchincloss said the company would continue to reshape its portfolio and has made strong progress in cutting costs. BP now plans to change its ...