BP Elliott Investment Management - Search News

Elliott Ramps Up Pressure on BP

Bloomberg L.P. · 2h

Elliott Ramps Up Pressure on BP as Turnaround Plan Falls Short

Elliott Investment Management is ramping up pressure on BP Plc after its new strategy fell short of the activist investor’s expectations, people with knowledge of the matter said.

BP Refocuses on Oil Amid Elliott Pressure, But Cuts Buybacks

In a highly anticipated strategy update, BP Chief Executive Officer Murray Auchincloss scrapped a plan to pull back from oil and gas and pledged to grow production slightly instead. He also cut investment in renewable energy and began a strategic review of lubricants business Castrol, which could be worth as much as $10 billion if it was sold.

Barron's on MSN · 23h

BP Reset Falls Short. Why Bid to Catch Exxon Sent Stock Falling.

U.K. oil major BP said Wednesday it’s having a “fundamental reset,” having fallen far behind U.S. rivals Exxon and Chevron in investor returns over the past few years. Investors are skeptical. The company’s American depositary receipts fell 1.

BP announces boost in oil, gas production

Hosted on MSN · 18h

BP cuts renewable investment and boosts oil and gas in strategy shift

BP slashed planned investment in renewable energy and said on Wednesday it would increase annual oil and gas spending to $10 billion, in a major strategy shift aimed at boosting earnings and investor confidence.

Fox Business · 19h

BP to boost oil and gas spending by $10B, slash renewable investment in major strategy shift

BP said it would increase annual oil and gas spending to $10 billion and cut planned annual investment in energy transition businesses by more than $5 billion.

Investopedia on MSN · 22h

BP Boosts Oil and Gas Spending as Energy Giant Pivots From Low-Carbon Focus

BP said it would increase its oil and gas investments to about $10 billion a year as it pivots away from its low-carbon strategy.

Hosted on MSN41m

BP To Lift Fossil Fuel Production, Curb Energy Transition Spending: Retail Has Mixed Feelings

BP’s U.S. shares (BP) closed 1.7% lower on Wednesday after the company said it would raise its oil and gas production and ...

2d

BP’s Strategy Reset: Five Things to Watch as Elliott Circles

BP Plc’s “fundamental reset” on Wednesday is the most highly anticipated strategy shift for an oil major in several years.

1don MSN

Report: BP to drop renewable energy goals in favor of fossil fuels

The Houston oil giant is abandoning its goal of growing its renewable generation capacity 20-fold by 2030, Reuters reports.

13d

Elliott Urges BP to Ditch Green Investments as it Builds 5% Stake

Elliott Management, the activist investor, has built a stake of almost 5% in BP (BP) and is pressing the oil producer to abandon its green ...

18h

BP’s Reset Finds Lukewarm Response as Shares Erase Elliott Gains

BP Plc’s crucial strategy reset, which included a pivot back to oil and promises to sell assets, appeared to win few plaudits ...

19h

How energy giant BP went from eco poster child to possible takeover target

In an industry where timing is everything, BP made the right bet at the wrong time,” says one professor who has studied its ...

18h

Why Paul Singer, the octogenarian founder of $72 billion Elliott Management, does not have fun at work

In a rare interview, the Elliott Management founder Paul Singer talked about the hedge fund's activism, market risks, and ...

btimesonline22h

BP Abandons Green Goals, Commits $10 Billion to Oil and Gas Expansion

BP announced Wednesday that it will increase annual investments in oil and gas to $10 billion through 2027, marking a ...

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