Activist Elliott builds significant stake in BP, Bloomberg News reports-March 2024-www.financetom.com

Activist Elliott builds significant stake in BP, Bloomberg News reports

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Activist Elliott builds significant stake in BP, Bloomberg News reports

Feb 8, 2025 11:33 AM

(Reuters) -Activist investor Elliott Investment Management has built a significant stake in oil major BP, Bloomberg News reported on Saturday, citing sources.

Elliott is seeking to boost shareholder value by urging BP to consider transformative measures, the report said. It did not provide the exact size of the stake.

Elliott declined to comment on the report. BP did not immediately respond comment outside regular business hours.

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