BP shares rise after Elliott reveals 5% stake, presses for spending cuts and renewed oil focus, challenging the company’s ...

Elliott would like BP to cut its spending to around $12 billion a year, down from a current range of $13 billion-$15 billion, through to 2027, and deepen its cost cuts, especially on ...

BP shares whipsawed on Wednesday after activist investor Elliott went public with a stake of more than 5% in the struggling ...

BP’s share price has experienced a massive decline over the last year. Could there be a major opportunity here for long-term ...

Currently, the company plans to divest $20 billion in assets by 2027 while increasing oil and gas investments and reducing net debt from $23 billion to a target range of $14-$18 billion.