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BP, Elliott Investment Management

Reuters on MSN · 2h

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.

Hosted on MSN · 7h

Elliott takes up £3.8bn stake in BP

Notorious activist investor Elliott Management has taken up a £3.8bn stake in BP, becoming the ailing oil major’s third-largest shareholder, according to reports. The US fund’s investment in the London-listed petrochemical giant emerged last weekend,

The Wall Street Journal on MSN · 4d

Elliott Takes Stake in Struggling Oil Giant BP

The activist hedge fund is encouraging BP to consider more dramatic moves to restore the once venerable company’s fortunes.

Elliott, Phillips 66 and Investment Management

Crude Oil Prices · 3d

Elliott Investment Management Targets BP for Strategic Overhaul

BP shares rose sharply after it was revealed that activist hedge fund Elliott Investment Management had taken a stake in the company, fueling speculation about a potential strategic overhaul.

GlobalData on MSN · 1d

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 operational changes, including the sale of the company's midstream business. The news has seen Phillips 66 shares rise by 3.

The Business Journals · 1d

Activist investor Elliott wants Phillips 66 to spin off business, sell JV interest

The activist investor demands that Phillips 66 separate or sell its midstream business, which it values at up to $40 billion, and sell its CPChem interest. Activist investor Elliott Investment Management LP wants Houston-based Phillips 66 (NYSE: PSX) to spin off its midstream business and sell its interest in the CPChem joint venture.

3h

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 ...

1hon MSN

Hedge fund’s BP stake worth £3.8bn as firm expected to ditch green promises

Activist investor Elliott Management is expected to push for BP to pivot back towards traditional oil and gas.

2h

Elliott demands cost cuts and divestments at BP, Bloomberg says

Elliott Investment Management is demanding BP (BP) make significant cost cuts and divestments to strengthen its future as a standalone company, ...

US activist investor now third largest shareholder in BP

Elliott Investment Management expected to use its influence to force supermajor to move away from low-profit renewables ...

2don MSN

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 ...

3d

BP shares jumped 8% after renowned activist investor Elliott took a stake in the energy giant

Elliott is known for its aggressive activism in the companies it invests in, frequently pushing for rapid and significant ...

2d

Elliott’s Activism Success Gives Hope for BP’s Depressed Shares

Beleaguered shareholders of BP Plc who’ve watched their investment lag over the past few years are banking on activist ...

1d

Energy Up as Elliott Buys Into Phillips 66, BP -- Energy Roundup

Shares of energy companies rose as one prominent Wall Street firm increased its exposure to the sector.

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