Oil and gas major BP Plc. (BP) is under significant pressure from activist investor Elliott Investment Management. According to a Bloomberg

Elliott Investment Management is ramping up pressure on BP Plc after its new strategy fell short of the activist investor’s expectations, people with knowledge of the matter said.

Elliott Investment Management plans to ramp up pressure on BP (NYSE:BP) after the company's turnaround plan was seen as lacking in urgency and ambition, Bloomberg reported Thursday. While the plan marks a departure from BP's (NYSE:BP) previous strategy,

BP's CEO Murray Auchincloss earned 5.4 million pounds ($6.95 million) last year, the group said in its annual report on Thursday, down from 8 million pounds in 2023.

Renowned as one of the most ruthless of its breed, Elliott is dissatisfied with the strategy laid out by BP boss Murray Auchincloss less than a fortnight ago.

Elliott Investment Management believes BP's strategy reset lacks urgency and ambition, Bloomberg reports, citing unnamed sources. -- The activist investor, which might hold a nearly 5% stake of BP ...

BP Plc’s “fundamental reset” on Wednesday is the ... with the stakes high after Elliott Investment Management bought up about 5% of the company in order to push for big changes.

BP's chief executive will scrap a target to increase renewable generation 20-fold by 2030, returning the focus to fossil fuels, as part of a strategy shift announced on Wednesday to tackle investor concerns over earnings,

In a highly anticipated strategy update, BP Chief Executive Officer Murray Auchincloss scrapped a plan to pull back from oil and gas and pledged to grow production slightly instead. He also cut investment in renewable energy and began a strategic review of lubricants business Castrol, which could be worth as much as $10 billion if it was sold.

BP slashed planned investment in renewable energy and said Wednesday that it would increase annual oil and gas spending to $10 billion, in a major strategy shift aimed at boosting earnings and shareholder returns.

New York hedge fund Elliott Management is pushing British oil major BP (BP) to abandon all renewable energy projects, it was reported, after a

The Houston oil giant is abandoning its goal of growing its renewable generation capacity 20-fold by 2030, Reuters reports.