Hedge fund Elliott Management has built a stake, The Wall Street Journal reported, and will push for transformational change.

BP shares jumped early Monday following weekend reports that activist investor Elliott Management has built a stake in the struggling oil major.

Renewable output is set to become less of a priority, while the pledge to reduce oil and gas output may be officially ...

The US bank said BP could splits its drilling and exploration assets, refining business, oil trading arm and other operations, such as its renewable energy assets. A splintering of BP would likely ...

BP's U.S.-listed shares are rising 6% Monday following reports that activist hedge fund Elliott Investment Management has ...

While it is unclear what Elliott may want to change at BP, one analyst suggested it could push to split parts of BP's core oil and gas business and seek a change in management. "In terms of ...

Cancellation of that contract came as former partners Equinor and BP, both with vast fossil-fuel holdings, split up and divided their offshore assets. BP retains control of Beacon 1 and Beacon 2 ...

At the headquarters of Elliott Management in New York, the hedge fund’s energy team now has T-shirts with “Gulf of America” printed on them, including one with a picture of Donald Trump as a pirate, ...

Operating cash flow decreased 20.8% to $7.43 billion. BP fell short of estimates with its fourth-quarter earnings, pointing to ongoing challenges amid its energy transition. BP is a major player ...

BP shares jumped early Monday following weekend reports that activist investor Elliott Management has built a stake in the struggling oil major. The company has declined to comment on the reports ...