Activist Elliott builds significant stake in BP, Bloomberg News reports (updated)

BP

08/02/2025 19:22

(Adds details from report, background paragraph 2 onwards.)
       Feb 8 (Reuters) - Activist investor Elliott Investment
Management has built a significant stake in oil major BP BP.L ,
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. 
    
    
        
  

 (Reporting by Gursimran Kaur in Bengaluru, Editing by Timothy
Heritage)
 ((GursimranKaur.Mehar@thomsonreuters.com;))