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    Home > Finance > Elliott urges new BP chair to tackle operational underperformance
    Finance

    Elliott urges new BP chair to tackle operational underperformance

    Published by Global Banking & Finance Review®

    Posted on July 21, 2025

    1 min read

    Last updated: January 22, 2026

    Elliott urges new BP chair to tackle operational underperformance - Finance news and analysis from Global Banking & Finance Review
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    Tags:managementcorporate governanceinvestment

    Quick Summary

    Elliott urges BP's new chair to address operational issues, emphasizing the need for decisive leadership to improve performance and investor confidence.

    Elliott Calls on BP's New Chair to Address Operational Issues

    (Reuters) -Elliott Investment Management, one of BP's largest shareholders, on Monday called on the energy giant's new chairman Albert Manifold to "urgently address BP's shortcomings".

    "Elliott believes the company requires decisive and effective leadership to overcome its chronic operational underperformance," a spokesperson for Elliott told Reuters in an emailed statement.

    BP has slashed planned renewables spending in a major strategy shift aimed at boosting earnings and investor confidence, while its falling share price has fuelled takeover and break-up speculation.

    Bloomberg News first reported Elliott's comments earlier on Monday.

    (Reporting by DhanushVignesh Babu in Bengaluru; Editing by Shailesh Kuber)

    Key Takeaways

    • •Elliott Investment Management urges BP's new chair to address operational shortcomings.
    • •BP has reduced renewables spending to focus on boosting earnings.
    • •Elliott seeks decisive leadership to improve BP's performance.
    • •BP's falling share price has led to takeover speculation.
    • •Bloomberg News initially reported Elliott's comments.

    Frequently Asked Questions about Elliott urges new BP chair to tackle operational underperformance

    1What did Elliott Investment Management urge BP's new chairman to do?

    Elliott urged BP's new chairman Albert Manifold to urgently address the company's operational shortcomings.

    2Why has BP reduced its planned renewables spending?

    BP has slashed planned renewables spending as part of a major strategy shift aimed at boosting earnings and restoring investor confidence.

    3What has been the market reaction to BP's performance?

    BP's falling share price has led to speculation about potential takeovers and break-ups of the company.

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