General view of the BP logo and the popular gas station brand on January 22, 2024 in Southind, UK.
John Kibel Getty Images News | Gety pictures
BP shares jumped in the open market after the weekend Reports An active investor Elliott Management has built a stake in stalled oil and could press the energy company to change the gears on its basic oil and gas business.
BP share increased by 7.14 % at 8:41 am London time.
The company declined to comment on the reports, which do not determine the volume of the hedging box in Paul Singer. CNBC communicated with Elliott Management for comment.
The British Oil Major, who is scheduled to reveal the results of the fourth quarter on Tuesday, was released last month Commercial update Warning of the high costs of companies, the fourth quarter decreased by refining margins and one -time fee linked to its vital ethanol acquisition.
This urgent news story is updated.
