:max_bytes(150000):strip_icc()/GettyImages-1494539188-1860e9b184b74ceb859744ca0b4ff0b0.jpg?w=1920&resize=1920,1267&ssl=1 "BP Stock Jumps as Elliott Reportedly Builds Stake | Global News Avenue")
BP Stock Jumps as Elliott Reportedly Builds Stake
:max_bytes(150000):strip_icc():format(jpeg)/GettyImages-1494539188-1860e9b184b74ceb859744ca0b4ff0b0.jpg)
Key Points
- BP’s U.S. listed stock rose 6% in Monday’s listing trading after reports that radical hedge fund Elliott Investment Management has accumulated stake in the BP giant and is seeking change.
- Elliott has driven BP, which has moved from the oil and gas hub in recent years, focusing on low-carbon investments to consider “change changes to improve company performance”,” Wall Street Journal Report.
- The exact size of Elliott shares is not immediately known, but Bloomberg Say this is very important.
BP(bp) U.S.-listed stocks rose 6% in Monday’s listing trading after reports that radical hedge fund Elliott Investment Management has accumulated stake in the BP giant and Looking for change.
The exact size of Elliott shares is not immediately known, but Bloomberg Say this is very important.
Elliott has driven BP, which has moved from the oil and gas hub in recent years, focusing on low-carbon investments to consider “change changes to improve company performance”,” Wall Street Journal Report. Honeywell International (honor) last week Under pressure from Elliott’s breakup, plans for a three-way split were announced.
BP’s stock has been working to reduce debt and reduce costs, down 11% over the past year to Friday, while larger rival Exxonmobil (XOM) and shell (Thanks) grew 7% and 3% respectively.
BP will release fourth-quarter results on Tuesday, Elliott does not return immediately Investopedia Request for comment.
:max_bytes(150000):strip_icc()/GettyImages-1494539188-1860e9b184b74ceb859744ca0b4ff0b0.jpg?w=1200&resize=1200,0&ssl=1&description=BP+Stock+Jumps+as+Elliott+Reportedly+Builds+Stake+%7C+Global+News+Avenue){kind=link}