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 ...

When engineers prepare to drill for oil, they know the spot deep underground where the well must end and can choose their ...

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

US investment giant Elliott Management has been pushing RWE, in which it holds a significant stake, to increase shareholder ...

Under current boss Murray Auchincloss, who took the reins after Mr Looney left over an undisclosed office relationship in September 2023, BP has been slashing investment in green energy projects. It ...

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 ...