BP shares jump by 5 % while the active investor reveals Eliott the share

BP The shares jumped on Wednesday after the active investor made in public a share of more than 5 % in the struggling British oil, which returned to oil in an attempt to restore the investor’s confidence.

BP shares were seen last 4.9 % at 10:15 am London time. The price of the arrow listed in London has decreased by about 5 % on an annual basis.

The Elliott Management Fund has built its British oil specialization share to 5.006 %, according to Organizational deposit It was detected late on Tuesday. Among the other senior shareholders at BP Blackrock, Vanguard, and Wealth Sovereign Fund in Norway.

It was reported that Elliot had first assumed a site in the oil and gas company in February, where he was leading a gathering of a stake amid expectations that its involvement could press BP to convert the gears from its green strategy towards its basic oil and gas companies.

Within weeks, BP, who was backward from local peers coincidence He announced his via rivals and a sharp decrease in profits in the fourth quarter, for plans to intensify fossil fuel investments to $ 10 billion until 2027. This represents a sharp strategic exit for the company, which five years ago became one of the first energy giants that announces emissions reduction plans to Safi Zero.By 2050 or soonerAs part of this batch, the company pledged to reduce emissions by up to 40 % by 2030 and to increase investment in renewable energy sources projects.

The oil specialization blocked the purpose of emissions to 20 % to 30 % in February 2023, saying at the time that it needed to continue investing in oil and gas to meet global demand.

Since the gears, CEO of BP Murray Auchincloss and outgoing president Helge Lund – is expected to be expected Leave the company In 2026-I kept their positions but was punished by reducing support during the BP board voting earlier this month amid pressure from both revenues and investors who focus on the climate.

The strategy BP was reset to the company’s oil and gas activities with the start of crude prices to decline amid the fluctuations caused by the American customs tariff and the removal of trade in Washington with China, the largest crude importer in the world.

Power analysts welcomed the strategic reset, and the CEO of BP Murray Auchincloss said that the axis attracted “great attention” in the company’s non -essential assets.

However, the energy company remains firmly in the spotlight as lights The goal of the possible acquisitionWith the likes of Shell and Awf American oil Exxon Mobil and Chevron She described the suitor.

BP is scheduled for the first quarter profits on Tuesday. The company said that it expects the amount of reported source production and net net debt in the first quarter of the last three months of 2024.