From Southwest to BP, Elliott and other activists are shaking up companies again
Investors like billionaire Paul Singer have more money than ever to throw around, and they are making their presence felt on ...
Activist Investor Drives BP To Do ‘Fewer Things, With Higher Returns’
Under pressure from an activist investor and a sagging share price, the CEO of energy giant BP pledges to return his company ...
Zacks Investment Research on MSN3h
BP Intends to Sell Half of Lightsource BP, Bids Due in June
BP plc BP, the UK-based energy major, is looking to sell a 50% stake in its solar unit, Lightsource BP, as part of a broader effort to cut costs, improve returns and address investor concerns. The ...
BP’s dance with Elliott
Followers of the drama expect Elliott will hold accountable the BP board members and executives most associated with its 2020 ...
BP CEO, Defending His Reset, Says Company to Be More Focused
BP Plc Chief Executive Officer Murray Auchincloss appeared at a key US energy major conference in Houston on Tuesday, talking ...
BP Stock Drills Lower as it Reshuffles Board to Keep Activist Elliott Happy
Shares in oil giant BP (BP) slipped lower today as it looks to continue its shift back towards fossil fuels by hiring two new ...
BP CEO Sees Pay Cut 30% After Profit Miss, Elliott Intervention
BP Plc Chief Executive Officer Murray Auchincloss’ total compensation dropped to £5.36 million ($6.91 million) in 2024, about ...
BP to hire two more directors as it pivots back to oil and gas
BP plans to hire two new directors to help it pivot back to oil and gas, as its chair Helge Lund responds to pressure from investors to strengthen the board. Lund wants the BP boa ...
BP seeks to sell 50% of solar unit to strategic partner, bids due in June
London-listed BP is planning asset sales and partnerships as part of a broader plan to address investor concerns. The energy ...
Morningstar3d
From Southwest to BP, Elliott and other activists are shaking up companies again
More recently, Elliott has been pushing British oil giant BP (BP) to divest some of its businesses and Phillips 66 (PSX) to sell its midstream assets. Elliott's stake in Honeywell tipped the ...
MarketWatch2d
From Southwest to BP, Elliott and other activists are shaking up companies again
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 ...