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Stock impact report

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 Check Earnings Report
Company Research 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 re Read more
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