The $78 bln oil major urgently needs a hands-on chair who its new activist can work with. Former BHP Chair Ken MacKenzie, who ...

Analysts believe BP needs to sell Castrol at an enterprise value of $12bn if the deal is to improve the company’s free cash flow, but have questioned whether the company can obtain such a price given ...

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 ...

Bloomberg reported that BP Plc (NYSE:BP) is considering selling its Castrol lubricant business as part of an ongoing ...

The offer for sale of the Castrol lublicants business of BP PLC has attracted interest, but some possible bids may be below the USD8 billion the UK oil major needs to meet its target of USD20 billion ...

Elliott Investment Management, a Florida-based investor that has pushed UK supermajor BP to accelerate its oil and gas pivot, ...

More recently, Elliott has been pushing British oil giant BP (BP) to divest some of its businesses and Phillips 66 (PSX) to sell its midstream assets. Elliott's stake in Honeywell tipped the ...

As Elliott Investment Management pressures BP Plc to abandon its renewable-energy ambitions, ESG fund managers can’t agree on how to treat the UK oil giant. BP’s pledge to beef up investments ...

The naming of the U.S. oil executive comes at a time when BP is seeking to more than double its production of oil and gas in ...

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 ...