BP has vowed to “fundamentally reset” its strategy after a plunge in profits and pressure from a New York activist investor.

The British oil and gas giant's Chief Executive Murray Auchincloss said the company would continue to reshape its portfolio and has made strong progress in cutting costs. BP now plans to change its ...

BP has posted its lowest earnings in four years after fourth-quarter profit fell to $1.17 billion from $2.99bn in the corresponding period last year on weak margins in its refining business.

BP has pledged to “fundamentally reset” its strategy and improve its performance as the struggling oil major reported a steep ...

Elliott Investment Management has built an over $2.5 billion stake in U.S. oil refiner Phillips 66, a person familiar with ...

Activist investor Elliott Investment Management lifted its stake in energy company Phillips 66 (PSX) with over $2.5 billion ...

Activist investor Elliott Investment Management has built a stake in London-listed oil major BP , a person familiar with the issue said, boosting shares to their highest since August in early trade on ...

Activist investor Elliott Investment Management has amassed a $2.5 billion stake in Phillips 66, significantly expanding its ...

Elliott Investment Management has acquired a significant $2.5 billion stake in U.S. oil refiner Phillips 66. The activist investor is advocating for operational changes, including selling or spinning ...

Phillips 66 shareholder Elliott Investment Management has built a more than $2.5B stake in the oil refiner and plans to push ...

(Reuters) -Activist Elliott Investment Management has built an over $2.5 billion stake in U.S. oil refiner Phillips 66 and plans to push for operational changes to boost its stock price, the Wall ...

The activist investor plans to push the oil refiner to consider selling or spinning off its midstream business.