British oil giant BP (BP) pledged to “fundamentally reset” its strategy as profits in its Fiscal fourth quarter slid to a ...

British oil major BP on Tuesday posted a sharp drop in fourth-quarter profit, pledging to “fundamentally” reset the embattled ...

After a quarter century of lagging behind competitors, British oil giant BP has attracted the attention of big hedge fund ...

Elliott is known for its aggressive activism in the companies it invests in, frequently pushing for rapid and significant ...

BP shares jumped at the market open following weekend reports that activist investor Elliott Management has built a stake in ...

BP reported quarterly profit of $1.17 billion on Tuesday, weaker than expected and the lowest in four years, while the ...

BP will cut performance-related bonuses for its senior leaders to 45% after the company missed some of its financial goals in ...

Shares in BP rose by 7% on Monday, and were on track for the biggest daily gain in two years, as investors anticipated that ...

Analysts guessing what 'fundamental reset' in strategy to mean but few would bet against further retreat on green power ...

There is no doubt that BP is cheap. The oil company boasts a P/E of 8.22, a P/S of 0.44, and an EV/EBITDA of 4.03. That's on average -44.4% below the sector median according to Seeking Alpha.

Activist investor Elliott Investment Management has built a stake in oil major BP, a source familiar with the matter told ...

BP was a member of the consortium of oil companies that discovered oil in Kirkuk in the 1920s and has estimated that the area holds about 9 billion barrels of recoverable oil. The company holds a ...