elliott bp - Search News

BP, Elliott Investment Management and sale of lubricants

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 transform its performance, including a big divestment programme, a source familiar with the matter told Reuters on Thursday.

Seeking Alpha on MSN · 3d

BP weighing sale of lubricants unit amid Elliott push - Bloomberg

BP (NYSE:BP) is considering a potential sale of its lubricants business in a deal that could fetch ~$10B, in one of the many options the company is considering to win back investor confidence after years of lagging performance,

Business Insider · 3d

BP Considers Castrol Sale as Elliott Turns Up the Heat

BP PLC (BP) is reportedly considering selling its lubricants division, Castrol, amid growing pressure from activist investor Elliott Management

BP weighs sale of $10 billion Castrol lubricants unit, Bloomberg News reports

Oil major BP is considering a potential sale of its lubricants business, Castrol, which could be worth about $10 billion in a deal, Bloomberg News reported on Tuesday, citing people familiar with the matter.

invezz on MSN · 12d

Three key changes Elliott could push BP to adopt

Elliott Management reveals a sizable stake in London-based BP plc. RBC analysts expect the activist investor to push for three changes.

12don MSN

BP shares pop 7% after reports activist hedge fund Elliott has taken a stake in the struggling British oil major

BP shares jumped early Monday following weekend reports that activist investor Elliott Management has built a stake in the ...

8d

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 ...

12don MSN

BP Stock Jumps as Elliott Reportedly Builds Stake

BP's U.S.-listed shares are rising 6% Monday following reports that activist hedge fund Elliott Investment Management has ...

13don MSN

Elliott Takes Stake in Struggling Oil Giant BP

The activist hedge fund is encouraging BP to consider more dramatic moves to restore the once venerable company’s fortunes.

12d

Elliott’s Activism Success Gives Hope for BP’s Depressed Shares

Beleaguered shareholders of BP Plc who’ve watched their investment lag over the past few years are banking on activist ...

11don MSN

BP Plans to 'Fundamentally Reset' Strategy Amid Reports of Elliott Stake

BP announced plans to "fundamentally reset" its strategy Tuesday as Elliott Investment Management reportedly has taken a ...

1d

BP price target raised to 480 GBp from 460 GBp at HSBC

HSBC analyst Kim Fustier raised the firm’s price target on BP (BP) to 480 GBp from 460 GBp and keeps a Hold rating on the shares. The firm ...

4dOpinion

BP Is a Symbol of the British Boardroom Disease

The UK oil major faces activist pressure to retreat from a disappointing energy-transition strategy. But recent failures are ...

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