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 ...

Elliott Management is pressuring BP for deeper cost cuts, asset sales and leadership changes as the oil giant pivots back to hydrocarbons. ... BP's Leadership Faces Key Vote in April.

BP will simplify its organizational structure and cut its executive leadership team to 10 as it seeks to reduce duplication and complexity in management reporting lines. The team currently ...

BP PLC - London-based oil major - Hires Simon Henry as non-executive director, starting September 1. Henry spent 35 years with energy peer Shell PLC, including as chief financial officer from 2009 to ...

Elliott Management, along with other major BP shareholders, is discussing potential additional measures to improve BP's performance, including deeper cost reductions and leadership changes, beyond ...

BP Chair Helge Lund intends to step down "likely during 2026", the energy group said on Friday amid a campaign by activist hedge fund Elliott for more change at the company.

Elliott and investors discussed potential changes to BP's board and management team, and a reduction of annual spending to below $13 billion, the two shareholders said.

UK supermajor BP has admitted it is in need of a “fundamental” change of direction, to cite the words of its chief executive, but whether the company’s leadership can deliver it to the extent its ...

Elliott Management is pressuring BP for deeper cost cuts, asset sales and leadership changes as the oil giant pivots back to hydrocarbons.

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 cuts ...