The oil and gas giant is expected to reverse course on renewable energy commitment due to decreased profits and a shifting ...

Elliott Management, managing $70B, has reportedly taken a stake in BP, urging significant changes to improve performance.

British oil giant BP (BP) pledged to “fundamentally reset” its strategy as profits in its Fiscal fourth quarter slid to a ...

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

BP announced plans to "fundamentally reset" its strategy Tuesday as Elliott Investment Management reportedly has taken a ...

Oil giant BP's profits dropped sharply last year with the firm saying it will "fundamentally reset" its strategy. It is ...

BP ’s investments in low-carbon ventures added to the financial strain. The dismal results coincided with reports that ...

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

BP has been targeted by activist investor Elliott as the oil giant struggles to work out its approach to net zero and ...

TotalEnergies and Aker BP are seeking an independent review of their stakes in Equinor's Johan Sverdrup oilfield with a goal ...

The energy giant was vague on details, but analysts say the changes is likely to include less spending on renewable sources ...

Counter was at $2.48 at the midday trading break, after a hefty 50 million shares had changed hands. Read more at ...