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 ...

Several BP Plc shareholders said they welcome activist Elliott Investment Management taking a stake in the British oil major because the company needs to make meaningful changes. “Any shift in ...

LONDON, Feb 14 (Reuters Breakingviews) - BP (BP.L), opens new tab has a laundry list of problems. The $93 billion UK oil major has a confused strategy, an overleveraged balance sheet, and a ...

The source said Elliott was not asking for a specific increase in BP's oil and gas investments. Elliott also backs BP's independent strategy and did not propose a merger, according to the source.

(Reuters) - Oil major BP is considering a potential sale of its lubricants business, Castrol, which could be worth about $10 billion in a deal, Bloomberg News reported on Tuesday, citing people ...

Chris Hughes is a Bloomberg Opinion columnist covering deals. Previously, he worked for Reuters Breakingviews, the Financial Times and the Independent newspaper. Elliott Management Corp.’s ...

(Bloomberg) — BP Plc, in which activist investor Elliott Investment Management has built up a nearly 5% stake, is considering a potential sale of its lubricants business, according to people familiar ...

BP, IN which activist investor Elliott Investment Management has built up a nearly 5 per cent stake, is considering a potential sale of its lubricants business, according to sources familiar with the ...

Feb. 26 (UPI) --BP said on Wednesday that it plans to boost its annual oil and gas spending to $10 billion through 2027 as part of the company's reset after recent lackluster economic performance.

Elliott Management is pushing for major asset sales at BP to address the undervalued shares of the UK-based supermajor after the U.S. activist investor built a stake of nearly 5% worth about $4.75 ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Activist Elliott Management has become BP’s third-largest shareholder after building a near-5 per cent ...

SINGAPORE - Seatrium’s shares rallied more than 10 per cent on Feb 13 after its announcement of a second project with oil and gas giant BP to build a deepwater floating production unit (FPU).