04:58 AM EST, 02/10/2025 (MT Newswires) -- Elliott Investment Management has amassed a stake in BP (BP), Bloomberg News and Reuters reported Sunday, citing unnamed sources familiar with the matter.

Bloomberg said Elliott's stake is "significant" but the news outlets' sources did not disclose the actual size of Elliott's BP holdings.

The activist investor is urging BP to consider carrying out transformative measures to enhance shareholder value, according to Bloomberg.

BP declined MT Newswires' request for comment, while Elliott Investment Management did not immediately respond to the request.