The announcement was made alongside second-quarter results. BP reported adjusted profits of $2.4bn for the period, a third ...

BP will announce updates on its $5 billion cost-cutting initiative on Tuesday, amid growing pressure from activist investor ...

BP is tearing up its own “fundamental reset” plan after just six months and cutting 1,500 more jobs as the struggling oil ...

BP Plc will embark on fresh reviews of its portfolio and costs as the oil major works to reverse years of underperformance, ...

BP will issue an update on its progress in its $5B cost-cutting initiative alongside its half-year results on Tuesday, ...

Elliott Investment Management, one of BP's largest shareholders, on Monday called on the energy giant's new chairman Albert Manifold to "urgently address BP's shortcomings". "Elliott believes the ...

BP has a long way to go, but its quarterly profits show the British oil giant is heading in the right direction.

British oil and gas giant BP on Monday announced that it has made its biggest oil and gas discovery in more than two decades ...

BP shares provisionally closed 0.3% lower, erasing gains of as much as 5% from earlier in the session. The London-listed stock price is down around 8% year-to-date. Hedge fund Elliott Management ...

Last year, Elliott sought to have the airline's chief executive, Robert Jordan, removed. However, the fund reached an October 2024 settlement to add six new directors, including five candidates ...

Elliott also backs BP's independent strategy and did not propose a merger, according to the source. BP said that it will be laying out a fundamental reset of its strategy on February 26.

This makes Elliott BP's second-biggest shareholder after Blackrock at 9.2% and ahead of Vanguard at 4.95%, according to LSEG data. BP's current market valuation is around $76 billion.