BP Promises ‘Fundamental Reset’ as Activist Elliott Builds Stake
BP Plc promised major changes at its upcoming strategy update, seeking to reverse a prolonged period of under-performance that has now drawn in activist Elliott Investment Management.Most Read from BloombergSaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterNice Airport,
Energy giant BP plc (BP) announced a strategy reset and a $1.75 billion stock buyback program after missing fourth quarter ...
The energy giant was vague on details, but analysts say the changes will likely include less spending on renewable sources ...
Elliott Management reveals a sizable stake in London-based BP plc. RBC analysts expect the activist investor to push for ...
Stocktwits on MSN2h
Phillips 66 Stock Gains Premarket On Reports Of Elliott Acquiring Stake: Retail Turns ExuberantPhillips 66 (PSX) shares gained over 6% in premarket trade on Tuesday, headed toward their highest level in over two months ...
BP said profit fell more than expected and that it would reset its strategy, days after reports that activist hedge fund ...
British oil major BP on Tuesday posted a sharp drop in fourth-quarter profit, pledging to "fundamentally" reset the embattled ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback