BP shares hit highest since August after Elliott builds stake
Shares in oil major BP rose as much as 7% to their highest since August in early trade on Monday after Reuters reported Elliott Management had built a stake in the company, citing a source.
BP attracts interest from activist investor Elliott
BP PLC has attracted the interest of aggressive activist investor Elliott Investment Management ahead of a strategy announcement later this month. Elliott, led by Paul Singer, has built up what Bloomberg reported is a "significant stake" in the oil supermajor.
Activist Elliott builds significant stake in BP, Bloomberg News reports
Activist investor Elliott Investment Management has built a significant stake in oil major BP, Bloomberg News reported on Saturday.
BP Pauses Development of Kwinana Biofuels Plant Amid Cost Cuts
BP's decision to pause the Kwinana Renewables Fuels project is likely to have stemmed from its increasing costs.
4 Integrated Energy Stocks to Benefit From Solid Industry Prospects
From upstream activities to midstream, prospects for companies are rosy now, enhancing the outlook for the Zacks Oil and Gas Integrated International industry. XOM, CVX, BP & VIST will make the most of the favorable business scenario.
Important Factors to Watch Ahead of BP's Q4 Earnings Release
Lower commodity prices and reduced production are likely to have weighed on BP's bottom line in Q4.
Buy This Cheap 6% Dividend As The S&P 500 Overheats
We are—unequivocally—bullish on the US economy. We're also big fans of the 6.1% dividend we're going to discuss below, which trades for less than half its annual sales.
BP Trails Its Rivals. It Must Work to Stay Independent.
The company made a big bet on green energy even as its rivals stayed focused on more profitable fossil fuels.
Exclusive: BP poised to invest up to $25 billion in Iraq's Kirkuk oil and gas
Oil major BP is expected to spend up to $25 billion over the lifetime of a project to redevelop four Kirkuk oil and gas fields, a senior Iraqi oil official told Reuters, as Baghdad seeks to win back foreign investment.
BP: 2025 Will Make Or Break The Stock
Following another weak quarter, we find BP strongly underperformed both its European and US peers since 2021, with Q4 earnings the lowest since late 2020. Yet, BP remains the primary value opportunity among global majors, trading at 3.1x EBITDA and offering a ~15% FCF yield and >13% in buybacks + dividends. The company is due to hold a highly anticipated investor day in February, we expect mgmt to follow the Shell playbook and remain carefully optimistic, reiterating our Overweight rating.
Investors Heavily Search BP p.l.c. (BP): Here is What You Need to Know
Zacks.com users have recently been watching BP (BP) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Never seen better opportunities in the energy transition, infrastructure: Neuberger Berman's Rachlin
Doug Rachlin, Neuberger Berman senior portfolio manager, joins 'Squawk on the Street' to discuss the opportunity set for the firm's energy transition and infrastructure strategy.
