BP shares jump 5% as activist investor Elliott discloses stake build

Oil giant BP is at an uncomfortable crossroads

Shareholders, politicians, and environmentalists want BP to reverse its climate U-turn; an activist investor doesn’t think it’s gone far enough....

Activist investor ups stake in BP to 5%, seeks cuts

BP shares pop after Elliot raises stake to over 5%, urges oil giant to boost FCF By Investing.com

BP shares pop after Elliot raises stake to over 5%, urges oil giant to boost FCF

Elliott Management Urges BP to Cut Spending

Activist investor Elliott Management has declared a stake of over 5% in BP and has urged the company to boost cash flow via spending cuts. “Eight weeks ago, we announced a fundamentally reset strategy, and our focus now is on delivering that at pace,” spokesman David Nicholas told Bloomberg in a statement. “We welcome constructive feedback from all shareholders as we focus on delivering.” The activist investor’s free cash flow target for the sup…

BP shares jump 5% as activist investor Elliott discloses stake build

BP shares jumped on Wednesday after activist investor Elliott went public with a stake of more than 5% in the struggling British oil major.

Phillips 66 says activist investor pushing major changes has a conflict of interest with Citgo bid

Elliott Investment Management argues that streamlining Phillips 66 would improve the company's performance, but critics point out that Elliott is in a bidding competition to acquire Citgo, which is a major competitor with Phillips 66.