More recently, Elliott has been pushing British oil giant BP to divest some of its businesses and Phillips 66 to sell its ...

(Reuters) -Activist investor Elliott Management has urged BP to boost its free cash flow to $20 billion by 2027 from around $8 billion last year through significant spending cuts and cost ...

BP has jumped from crisis to crisis in recent years, severely eroding the British firm’s stature as one of the world's ...

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 ...

Activist investor Elliott Management has declared a stake of over 5% in BP and has urged the company to boost cash flow via spending cuts. “Eight weeks ago, we announced a fundamentally reset ...

(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 ...

Analysts believe BP needs to sell Castrol at an enterprise value of $12bn if the deal is to improve the company’s free cash ...

The move came after months of relentless pressure from hedge fund Elliott Management, which has demanded big changes to the way Southwest does business since buying a $1.9 billion stake in the ...

Elliott has met with more than 20 investors who are among BP's largest active shareholders, the source said. Reuters reported in March that Elliott had discussed the need for deeper spending and ...