Elliott Investment Management has built an over $2.5 billion stake in U.S. oil refiner Phillips 66 , a person familiar with ...

STORY: Shares in oil major BP rose by 7% to their highest since August in early trade on Monday (Feb 10).It came after ...

According to Bloomberg, Elliott Management, a well-known activist hedge fund, has acquired a stake in the struggling UK oil giant BP (BP). This move has stirred up the London market, where ...

It was reported over the weekend that Elliott Management had taken a stake in the energy giant. BP's share price has fallen in the past year as it struggles to improve performance and cut costs.