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April 22 (Reuters) - Activist investor Elliott Management has urged BP (BP.L), opens new tab to boost its free cash flow to $20 billion by 2027 from around $8 billion last year through significant ...
Elliott Investment Management has built up its stake in BP Plc to just over 5% of shares, as the activist investor increases its pressure campaign at the struggling oil giant. The holding ...
More recently, Elliott has been pushing British oil giant BP to divest some of its businesses and Phillips 66 to sell its ...
Activist investor Elliott Management has declared a stake of over 5% in BP and has urged the company to boost cash flow via spending cuts. “Eight weeks ago, we announced a fundamentally reset ...
(Reuters) - Activist investor Elliott Management has met several large shareholders in BP to try to forge a consensus for more changes at the oil major that could include cost cuts and a potential ...
BP shares whipsawed on Wednesday after activist investor Elliott went public with a stake of more than 5% in the struggling British oil major, which has pivoted back to oil in a bid to restore ...
Shell brought on advisers to explore a potential acquisition of BP last month, but a potential sale now appears unlikely, ...
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 ...
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 ...