--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, could increase pressure on the oil major after the reset fell short of its expectations, Bloomberg reports.
--Representatives for Elliott and BP declined to comment, Bloomberg said.
Full story: https://tinyurl.com/2bfdfbz6
Write to Adam Whittaker at adam.whittaker@wsj.com
(END) Dow Jones Newswires
February 27, 2025 07:31 ET (12:31 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.