For Oil Companies, ‘Gulf of Mexico’ Is Out, ‘Gulf of America’ Is In
Companies with much to lose, and gain, from the Trump administration are honoring the president’s rebranding of the Gulf of ...
BP Investors Welcome Elliott as Oil Major Readies Strategy Reset
Several BP Plc shareholders said they welcome activist Elliott Investment Management taking a stake in the British oil major ...
BP’s overhaul can start with a new Chair
BP has a laundry list of problems. The $93 billion UK oil major has a confused strategy, an overleveraged balance sheet, and ...
BP: The Strategic Shift Investors Want
BP trades at around 10x this year's profits, while its American peer XOM trades at 14-15x this year's profits. See what makes ...
Upstream1dOpinion
BP is ripe for change – but can its leaders deliver?
UK supermajor BP has admitted it is in need of a “fundamental” change of direction, to cite the words of its chief executive, ...
Cage rattler Elliott may spy big value in a smaller BP
Indeed, BP could fetch $26bn by disposing of some of its low carbon, pipeline and marketing businesses, Goldman Sachs ...
Elliott builds BP stake of nearly 5%, pushes for big divestments, source says
Activist investor Elliott Management has built a near 5% stake in BP and is pushing the oil company to take radical action to ...
Elliott Has Near 5% Stake in BP, Wants Big Disposals, FT Says, Citing Sources
--Activist hedge fund Elliott Management has built up a near 5% shareholding in oil major BP and wants the company to reduce spending on renewables and make big disposals, the Financial Times reports, ...
Marketplace2d
Oil giant BP promises a “fundamental reset.” What will that look like?
The oil and gas giant is expected to reverse course on renewable energy commitment due to decreased profits and a shifting ...
Turmoil on the oil patch: BP boss Murray Auchincloss inherited a difficult hand, says ALEX BRUMMER
The latest trauma at BP needs perspective. The disappointing financial results and presence of activist Elliott on the share ...
BP faces pivotal moment: Board in firing line as activist Elliott sets scene for shake-up
Investors are frustrated at the valuation gap between BP and its London-listed rival Shell, as well as US energy giants ...