Activist hedge fund Elliott Investment Management has grown its stake in Phillips 66 ( PSX 2.83%) to $2.5 billion. This puts ...

Sky's Ian King says the company's expected reprioritisation of oil and gas revenues has long been demanded by investors whose returns have lagged those seen at rivals.

Resource Resolutions, backed by former Shell chair Chad Holliday and former Anglo American chief executive Mark Cutifani, aims to help facilitate dialogue between warring parties to help resolve ...

BP announced plans to "fundamentally reset" its strategy Tuesday as Elliott Investment Management reportedly has taken a ...

CNBC's Andrew Ross Sorkin reports on the latest news.

Activist investor Elliot Investment Management has built up a stake of more than $2.5B in Phillips 66 (PSX) and plans to push the company to ...

BP CEO Murray Auchincloss pledged on Tuesday (Feb 11) to fundamentally reset the company’s strategy as it reported a 35 per ...

The chief executive of BP has vowed to 'fundamentally reset' the group's strategy after its annual profits fell by more than ...

The oil and gas major now has an influential activist investor. That puts even more pressure on CEO Murray Auchincloss.

Despite this disappointing performance, market attention is shifting away from the earnings themselves and focusing more on the company’s future direction” – Mark Crouch, eToro analyst ...

Britain's BP on Tuesday said its annual net profit slumped 97 percent last year, as the struggling oil and gas giant pledged ...

Refiner Phillips 66 is the latest target of activist investor Elliott Management that is aggressively pursuing companies in ...