BP shares surged on Monday, rising nearly 7% in early trading, after reports emerged that activist hedge fund Elliott Investment Management had acquired a stake in the British oil giant.

Elliott Management is pressuring BP for deeper cost cuts, asset sales and leadership changes as the oil giant pivots back to hydrocarbons.

BP will simplify its organizational structure and cut its executive leadership team to 10 as it seeks to reduce duplication and complexity in management reporting lines.

Elliott Management, along with other major BP shareholders, is discussing potential additional measures to improve BP's performance, including deeper cost reductions and leadership changes, beyond ...

Activist investor Elliott Management has met several large shareholders in BP to try to forge a consensus for more changes at the oil major that could include cost cuts and a potential leadership ...

Activist investor Elliott has met several large BP shareholders to try to forge a consensus for more changes at the company that could include cost cuts and potential changes in leadership.

UK supermajor BP has admitted it is in need of a “fundamental” change of direction, to cite the words of its chief executive, but whether the company’s leadership can deliver it to the extent its ...

BP plc BP, the UK-based energy major, is facing mounting pressure from activist investor Elliott Management, which has been meeting major shareholders to advocate deeper reforms, including cost cuts ...

(Reuters) - Activist investor Elliott Management has met several large shareholders in BP to try to forge a consensus for more changes at the oil major that could include cost cuts and a potential ...