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.

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

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, ...

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

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 ...