BP Stock Recent News
BP LATEST HEADLINES
Healthier crude oil prices are likely to have aided BP's earnings in Q1.
Activist investor Elliott Investment Management wants oil major BP to replace its strategy chief and change its structure to separate upstream and downstream units to aid accountability, a source familiar with the situation said on Friday.
Investors love dividend stocks, especially high-yield companies in the energy sector, because they offer a significant income stream and have substantial total return potential.
The markets faced volatility due to tariff and trade policy concerns, but the Fed's potential rate cuts could benefit the Dividend Harvesting Portfolio. The Dividend Harvesting Portfolio increased by 2.22% this week, with a total profitability of $4,100.97 and forward dividend income of $2,166.49. I added to positions in ONEOK and Blue Owl Capital Corporation, expecting them to perform well, especially if the Fed cuts rates.
The interest puts CEO Murray Auchincloss under pressure to deliver better results quickly.
BP shares climbed by more than 5% on Wednesday after hedge fund Elliott Management revealed a 5.006% stake in the British oil major. The stock was up 5.11% at 10:12 a.m.
BP shares jumped on Wednesday after activist investor Elliott went public with a stake of more than 5% in the struggling British oil major. Hedge fund Elliott Management has built its holding in the British oil major to 5.006%, according to a regulatory filing disclosed late Tuesday.
BP may be forced to cut or even scrap its share buyback programmes over the next year unless oil prices recover, analysts say, adding that would increase pressure on its already underperforming shares.
Mark Van Baal, founder of Follow This, discusses activist investment in European oil majors.
BP (BP) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.