Activist investor Elliott Management is expected to push for BP to pivot back towards traditional oil and gas.

After the British oil giant was rattled by a slump in profits, BP boss Murray Auchincloss promised a “fundamental reset” for ...

UK supermajor BP has admitted it is in need of a “fundamental” change of direction, to cite the words of its chief executive, ...

BP has a laundry list of problems. The $93 billion UK oil major has a confused strategy, an overleveraged balance sheet, and ...

BP trades at around 10x this year's profits, while its American peer XOM trades at 14-15x this year's profits. See what makes ...

Market stalwarts, with their well-established reputations for reliability and profitability, are not immune to losing their way. Any company, from a British blue-chip to a member of the Magnificent ...

Several BP Plc shareholders said they welcome activist Elliott Investment Management taking a stake in the British oil major.

(Alliance News) - The hedge fund targeting BP PLC has built a stake in the fossil fuel company worth nearly GBP3.8 billion, according to reports, making it the third-biggest investor in the company.

London open The FTSE 100 is expected to open seven points higher on Friday, having closed down 0.49% on Thursday at 8,764.72.

At the headquarters of Elliott Management in New York, the hedge fund’s energy team now has T-shirts with “Gulf of America” printed on them, including one with a picture of Donald Trump as a pirate, ...

Partly cloudy. Medium chance of showers in the southwest easing later this afternoon, slight chance elsewhere. Winds southwesterly 15 to 20 km/h becoming light early in the morning then becoming ...