Elliott has built stake in BP

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 struggling oil major.
BP shares jump after activist hedge fund Elliott takes stake
The group, one of the top 10 companies on the London Stock Exchange by market capitalisation, has been chaired by Helge Lund since 2019. It said last month that an investor day scheduled for this week would be delayed until February 26 so that chief executive Murray Auchincloss could recuperate from a “planned medical procedure”.
BP stock price surges as activist investor Elliott builds stake in under-pressure supermajor
BP’s share price surged more than 6% in early morning trading on Monday after it was revealed that US activist shareholder Elliott Investment Management has built up a considerable stake in the supermajor.
BP shares jumped 8% after renowned activist investor Elliott took a stake in the energy giant
Elliott is known for its aggressive activism in the companies it invests in, frequently pushing for rapid and significant change.
BP shares surge as activist investor Elliott builds stake
BP is poised to open at its highest since August, after activist investor Elliot Management was reported to have taken a significant stake in the company.
BP shares hit highest since August after Elliott's stake build
Shares in oil major BP rose by 7% to their highest since August in early trade on Monday, after Reuters reported activist investor Elliott Management had built up a stake in the company, citing a source.
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Elliott builds stake in struggling BP, reports say
Activist investor Elliott Investment Management has taken a significant stake in BP, targeting the struggling oil giant amid investor frustration over its lagging stock performance, Bloomberg reported citing unnamed sources.
BP’s Shares Soar on Elliott Stake Increase
Shares in BP rose by 7% to their highest since August in early trade on Monday, after investor Elliott Management built a stake
Activist hedge fund Elliott builds stake in struggling BP
Activist hedge fund Elliott Management has built a stake in struggling UK oil major BP, according to two people with knowledge of the move. The exact size of Elliott’s stake could not be learned but the $70bn assets under management hedge fund has adjusted its activist strategy in recent years to increase the size of its individual bets,
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BP faces pivotal moment as activist investor Elliott enters fray
BP shares have dropped almost 8%, compared with a gain of about a third for its closest rivals Shell and TotalEnergies.
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