US activist hedge fund Elliott has made a move on troubled energy giant BP, a development that has driven the Telegraph into ...

Mr Auchincloss was appointed to the top role in January last year, having been acting chief executive since September 2023 ...

One of BP’s major investors is pressuring the company to ditch its green energy business, adding to pressure on the oil giant ...

After a quarter century of lagging behind competitors, British oil giant BP has attracted the attention of big hedge fund ...

The energy giant was vague on details, but analysts say the changes is likely to include less spending on renewable sources ...

BP faces mounting pressure from activist investor Elliott to overhaul its strategy and divest assets for better performance.

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BP CEO Murray Auchincloss pledged on Tuesday to fundamentally reset the company's strategy as it reported a 35% fall in ...

BP made a big deal of repositioning itself as “Beyond Petroleum”. Then-CEO John Browne’s attempt to embrace lower-carbon ...

Elliott Management has built $4.7bn stake and now says 'time for minor course corrections is long gone', reports FT ...

Elliott is known for its aggressive activism in the companies it invests in, frequently pushing for rapid and significant ...

At the heart of BP’s conundrum is a perception that the company is being weighed down by the energy transition-focused strategy pioneered under former chief executive Bernard Looney, which ...