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

BP said profit fell more than expected and that it would reset its strategy, days after reports that activist hedge fund ...

BP chief Murray Auchincloss says the restructuring will ‘be a new direction for BP’ - Amr Alfiky/Reuters. BP has halted all ...

Jon Smith explains why analysts have been busy updating their forecasts for the BP share price this week and adds some colour ...

Chevron Versus California The energy giant sank the state's first successful oil well, kicking off a boom that powered California's economy for more than a century. Goodwill has since gone dry. Garcia ...

Activist investor Elliott Investment Management has built a $2.5 billion stake in Houston-based energy company Phillips 66, according to reports published Tuesday. Elliott has said it hopes to push ...

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

Activist investor Elliott Investment Management LP has built up a more than $2.5 billion stake in Phillips 66, and is looking ...

Activist investor Elliott Investment Management LP wants Houston-based Phillips 66 (NYSE: PSX) to spin off its midstream ...

Elliott Investment Management is at it again, this time sinking its teeth into U.S. refiner Phillips 66 with a $2.5 billion stake and a laundry list of demands.

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