Activist Elliott said to build stake in struggling oil major BP
(Bloomberg) – Elliott Investment Management has built a significant stake in BP PLC, as the British oil struggles with confidence and reverse years.
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The Active Foundation seeks to promote the value of shareholders, taking into account the transformer, saying that the discussions are not recognized, as the discussions are not recognized, as the discussions are not recognized, as the discussions are not recognized as the discussions are not recognized as the discussions are not recognized as the discussions are not recognized as the discussions are not recognized, as the discussions are not recognized as the discussions are not recognized as the discussions are not recognized as the discussions are not recognized as the discussions are not recognized as the discussions are not recognized as the discussions are not recognized as the discussions are not recognized as the discussions are not recognized as the discussions are not recognized as the discussions are not recognized as the discussions are not recognized as the discussions are not recognized as the discussions are not recognized as the discussions are not recognized as the discussions are not recognized as the discussions are not recognized as the discussions are not recognized as the discussions are not recognized as the discussions are not recognized as the discussions are not recognized as the discussions are not recognized as the discussions are not recognized as the discussions are not recognized as discussions. Discussions are not recognized, as the discussions are not recognized, as the discussions are not recognized, as the discussions are not recognized, as the discussions are not recognized, as the discussions are not recognized, as the discussions will not be recognized. Elliott believes that BP is significantly underestimated, and his performance is disappointing, they said. The exact amount of utensils did not immediately learn.
The representatives of Elliott and BP refused to comment.
BP fell by about 8% over the past five years, while his large oil competitors from Exxon Mobil Corp. Former executive director Bernard Luni has zero zero zero with a failed bet that oil consumption has reached, and since then, it has been fighting a clear turnaround strategy since then.
About $ 86 billion in market value BP is worth less than half of Shell today.
Executive Director Murray Auchinslos, who fell into Lunayi, was imprisoned for his personal conduct, widely expected to move the oil and gas more clearly when he represents a very expected strategy on February 26. However, investors are growing impatiently, including BP, in October warned that the processes of purchasing its shares could slow down this year.
On Tuesday, the BP will give the financial results of the fourth quarter, and a wide weakness has already set itself during its business. Before the last three months of the year, his largest rivals report that analysts view these companies as a clearer direction and a stronger balance.
Elliott’s move is the latest among high-quality large oil activists. Exxon lost the fight in 2021. For ESG NUMBER 1, Dan Leb’s Third “Third” LLC has received the same year in Shell, calling for its liquefied natural gas, renewable materials and marketing departments.
In recent months, Elliott has been successfully pushed for Honeywell International Inc. Inc., which announced this week that it was divided into separate commercial companies. The Foundation also revealed a shares in Anglo in the American PLC during the experience of getting a miner based in London.
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