Published by Global Banking & Finance Review®
Posted on July 21, 2025
1 min readLast updated: January 22, 2026
Add as preferred source on GoogleElliott urges BP's new chair to address operational issues, emphasizing the need for decisive leadership to improve performance and investor confidence.
(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)
Elliott urged BP's new chairman Albert Manifold to urgently address the company's operational shortcomings.
BP has slashed planned renewables spending as part of a major strategy shift aimed at boosting earnings and restoring investor confidence.
BP's falling share price has led to speculation about potential takeovers and break-ups of the company.
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