Phillips 66 stock moved higher before the stock market open on news Elliott Management has increased its stake in the company ...

Energy giant BP plc (BP) announced a strategy reset and a $1.75 billion stock buyback program after missing fourth quarter ...

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

BP said profit fell more than expected and that it would reset its strategy, days after reports that activist hedge fund ...

BP chief Murray Auchincloss says the restructuring will ‘be a new direction for BP’ - Amr Alfiky/Reuters. BP has halted all ...

Jon Smith explains why analysts have been busy updating their forecasts for the BP share price this week and adds some colour ...

Chevron Versus California The energy giant sank the state's first successful oil well, kicking off a boom that powered California's economy for more than a century. Goodwill has since gone dry. Garcia ...

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

Activist investor Elliott Investment Management has built a $2.5 billion stake in Houston-based energy company Phillips 66, according to reports published Tuesday. Elliott has said it hopes to push ...

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

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.