The energy giant has been weakened by years of mishaps and poor decisions, leading to rumors of a takeover that may not ...

BP shares whipsawed on Wednesday after activist investor Elliott went public with a stake of more than 5% in the struggling British oil major.

This makes Elliott BP's second-biggest shareholder after Blackrock at 9.2% and ahead of Vanguard at 4.95%, according to LSEG data. BP's current market valuation is around $76 billion.

Elliott would like BP to cut its spending to around $12 billion a year, down from a current range of $13 billion-$15 billion, through to 2027, and deepen its cost cuts, ...

Market chatter about a potential Shell-BP merger has intensified, fueled by BP’s weak performance, strategic flip-flops, and ...

The appointment of Henry, as well as Ian Tyler and US oil executive Dave Hager, who also joined BP as directors this year, ...

BP is considering Sam Laidlaw, the former chief executive of British Gas owner Centrica , as a leading candidate to succeed ...

BP shares whipsawed on Wednesday after activist investor Elliott went public with a stake of more than 5% in the struggling British oil major, which has pivoted back to oil in a bid to restore ...