Energy giant BP's shares have soared after activist hedge fund Elliott Investment Management revealed it has taken a stake in the British company. Shares in BP rose by as much as 8.2% in early ...

It was reported over the weekend that Elliott Management had taken a stake in the energy giant. BP's share price has fallen in the past year as it struggles to improve performance and cut costs.

BP's CEO is set to announce plans to revitalize the company's growth, which may involve further divestments from renewable energy and cost-cutting measures, as the company has underperformed ...

Energy giant BP (LON: BP) unveiled nearly 8,000 job cuts on Thursday, as part of corporate cost cutting measures across its global operations. Confirming the job losses, the FTSE 100 company said ...

BP is adapting to high operating expenses, declining oil prices while adapting with the current and new trends in the energy sector as the world is shifting to clean energy from traditional oil ...

He “leads BP’s strategy – to transition BP from an International Oil Company to an Integrated Energy Company,” BP’s site states. Earlier this month, BP announced in a separate release ...

BP has come under investor pressure to boost its share price performance, which has lagged its peers in recent years, and return its focus to oil and gas. A charge into offshore wind – and the wider ...

BP will slash over 5% of its global workforce as part of CEO Murray Auchincloss’ efforts to reduce costs and rebuild investor confidence after the energy giant was rocked by scandal, the company ...

Despite efforts to sugar coat the bad news, BP’s share price has lost about 20 percent since last spring. The company has pulled back from several renewable energy projects and abandoned a ...

Activist hedge fund Elliott Management has built a stake in British oil major BP BP-1.12%decrease; red down pointing triangle and will push for transformational changes to improve the company’s ...

Gift 5 articles to anyone you choose each month when you subscribe. BP has put plans for a $600 million renewable fuel hub at its mothballed Perth oil refinery on hold, the latest clean energy ...