BP p.l.c. Sponsored ADR (BP)
BP's fourth-quarter earnings drops to four-year low
BP's fourth-quarter profit fell to $1.17 billion on Tuesday, marking the lowest earnings for the oil major in four years as weak margins dented its refining business.
BP shares power ahead after activist takes stake; analysts have their say
BP PLC (LSE:BP.) shares climbed 7% in afternoon trading following reports that activist investor Elliott Management has taken a stake in the company, increasing pressure for strategic and leadership changes.
BP Gets an Big Activist Investor. The Stock Is Rising.
Hedge fund Elliott Management has built a stake, The Wall Street Journal reported, and will push for transformational change.
Three key changes Elliott could push BP to adopt
BP plc (LON: BP) is in focus this morning after activist investor Elliott Management revealed a stake in the energy giant that has lagged its peers in recent years.
BP shares jump 7% after Elliott Management takes stake – will there be leadership changes?
BP shares surged on Monday, rising nearly 7% in early trading, after reports emerged that activist hedge fund Elliott Investment Management had acquired a stake in the British oil giant. The size of Elliott's holding has not been disclosed, but its involvement is already fuelling speculation about potential changes to BP's strategy and leadership.
BP strategy day takes on new significance with Elliott in wings, say analysts
BP PLC's upcoming strategic review "may have new impetus", analysts at Citi said after it emerged that activist investor Elliott Management is now involved, with other analysts suggesting chairman Helge Lund could be a target. The key strategic update, which was recently pushed back a few weeks to 26 February, "has seemingly taken an even more important turn", oil analysts at the investment bank said in a note to clients on Monday.
BP is cheaper than its rivals. Now an activist investor has swooped in.
BP shares surged in early trade on Monday after the activist investor Elliot was reported to have taken a significant stake in the integrated oil giant.
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.
