Elliott Investment Management is demanding BP Plc make drastic cost cuts and divestments to strengthen its future as a standalone company.

By Svea Herbst-Bayliss NEW YORK (Reuters) -When Elliott Investment Management buys into a company to agitate for change, ...

BP Plc (BP) stock garnered retail attention premarket on Thursday after a report said activist investor Elliott has taken up a nearly $5 billion stake in the company and would push for asset sales. A ...

Elliott Management became the third-largest shareholder of British oil giant BP (NYSE:BP) by acquiring a near-5% stake valued at approximately £3.8 billion ($4.74 billion), the Financial Times ...

Activist investor Elliott Management has built a nearly 5% stake in BP and is pushing for major asset sales and strategic ...

The number of Americans filing for jobless benefits fell by 7,000 to 213,000 for the week ending February 8, the Labor Department said Thursday. Analysts projected that 215,000 new applications would ...

Activist investor Elliott Management has built a near 5% stake in BP and is pushing the oil company to take radical action to ...

Activist hedge fund Elliott Management has become BP’s third-largest shareholder after building a near-5 per cent stake worth almost £3.8bn, as it seeks to force the troubled UK oil major to cut ...

An investor believes the Phillips 66 midstream business could be worth more than US$60 billion if sold or spun off.

The company's move is "positioning us to accelerate" cash-generation, its vice chairman tells Barron's. Oil futures posted their first loss in four sessions on Wednesday after official U.S. data ...