Elliott Archives - Oil & Gas 360

BP slashes buybacks as cash flow tumbles

April 29, 2025

(Oil Price) – BP (NYSE: BP) is reducing by $1 billion its quarterly share buyback program after reporting weaker-than-expected earnings, significantly lower cash flow, and rising net debt for the first quarter. The UK-based supermajor, which has been under intense pressure from activist investor Elliott to cut costs and boost share performance, reported today an underlying replacement cost (RC) profit – the closest metric to

Activist investor Elliott calls for new CEO at NRG Energy

June 27, 2023

US News Activist investor Elliott Investment Management is increasing pressure on NRG Energy and seeking to oust its CEO Mauricio Gutierrez, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. Elliott is in talks with potential candidates to replace the U.S. power company’s CEO as well as other top executives, the report said. In a statement

Hedge fund Elliott chases oil and gas deals, bucking Wall Street

May 25, 2022

Nasdaq Energy bankers who lost one client after another when poor returns pushed many investment firms out of the U.S. oil patch got a welcome email earlier this year. Elliott Management, a hedge fund founded and co-led by billionaire Paul Singer and best known for its activist investing, wrote to the bankers in January inviting them to pitch opportunities to acquire U.S. oil

Marathon Petroleum board, investors are said to discuss CEO

October 18, 2019

Source: Houston Chronicle Marathon Petroleum Corp. board members are meeting this week with activist investors to discuss Chief Executive Officer Gary Heminger’s future and the company’s strategy amid calls to split up its businesses, according to people familiar with the matter. After investors Paul Foster and Jeff Stevens met with several board members on Wednesday, representatives for Elliott Management Corp.

Elliott Is in Advanced Talks to Buy QEP Resources: Bloomberg

June 27, 2019

From Bloomberg New York-based hedge fund could reach deal for QEP in weeks Elliott Management Corp. is in advanced talks to buy QEP Resources Inc., the oil and gas explorer it offered to buy in January, according to people familiar with the matter. Elliott could reach a deal with the Denver-based company in within weeks, said one of the people, who asked to not be

Elliott

BP slashes buybacks as cash flow tumbles

Activist investor Elliott calls for new CEO at NRG Energy

Hedge fund Elliott chases oil and gas deals, bucking Wall Street

Marathon Petroleum board, investors are said to discuss CEO

Elliott Is in Advanced Talks to Buy QEP Resources: Bloomberg

Premium Content