BP shares gain 7.5% amid Elliott activist involvement 📈

9:36 AM 10 February 2025

BP (BP.UK) shares rise as much as 7.5% after Bloomberg reported that activist investor Elliott has built a significant stake and is pushing the company to consider transformative measures. As it is reported in the Bloomberg News, Elliott’s involvement may lead to board changes, portfolio rationalization and Capex prioritization on upstream projects. Portfolio rationalization may as well focus on exiting low-carbon assets as well as certain retail regions. This is a breaking news.

Source: xStation

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