BP's Strategy Under Scrutiny as Elliott Pushes for Further Changes [Yahoo! Finance]
BP p.l.c. (BP)
Last bp p.l.c. earnings: 4/29 04:01 pm
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US:NYSE Investor Relations:
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Source: Yahoo! Finance
to advocate deeper reforms, including cost cuts and potential leadership changes. The push came despite BP's recent shift to hydrocarbons, following a strategy revamp last month. BP has lagged rivals Shell and ExxonMobil over the past five years, a trend that many investors attribute to the company's 2020 decision to prioritize renewables while scaling back oil and gas production. Although BP has since softened this stance, Elliott and other investors remain unconvinced that the company is making sufficient changes. Elliott, which holds an estimated 5% stake in BP, had previously led activist campaigns at Marathon Petroleum, Hess and Honeywell. According to shareholders who attended meetings with Elliott, discussions have focused on reducing BP's annual spending below $13 billion — lower than the current target of $13-$15 billion. BP has already committed to cutting costs by $4-$5 billion through 2027, but Elliott appears to be pushing for more aggressive measures. The activist
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BP
Earnings
- 11/5/25 - Beat
BP
Sec Filings
- 12/18/25 - Form 25-NSE
- 12/18/25 - Form 6-K
- 12/1/25 - Form 6-K
- BP's page on the SEC website