BP shares jump at 5%when an investor Elliott’s investor reveals the package assembly

PP The shares jumped on Wednesday after the Elliot Investor published a total share of more than 5% in the fight against the British oil major, which returned to oil, seeking to restore investors’ trust.

BP shares were last noted at 4.75% at 9:44 am in London. The cost of the shares listed in London decreased about 5%.

Following regulatory supply Opened at the end of Tuesday. Other major BP shareholders include Blakrok, Sovereign Rich and Norway Fund.

It was first reported that Elliott took the post in the oil and gas campaign in February, and attracted the rally on the background of expectations that his participation could put pressure on the BP to transfer transfers from the green strategy and return to the main oil and gas enterprises.

For a few weeks BP that lagged behind the inner peers Shell And Transatlantic Rivals and published a steep drop in the fourth quarter, announced plans to increase fossil fuel investments to $ 10 billion by 2027. This noted a sharp strategic retreat of the company, which five years ago became one of the first energy giants that announced plans to reduce emissions to zero “By 2050 or before“As part of this, the company pledged to reduce the emissions to 40% by 2030 and increase investment in renewable projects.

In February 2023, the main oil scale these emissions up to 20% to 30%, saying that it was necessary to continue to invest in oil and gas to meet world demand.

From the moment of switching gear, BP CEO Murray Auchincloss and Outgoing Chair Helge Lunda – which is expected to be Send the company In 2026, they loosened their positions, but were punished by reduced support during the voting on the re-election of the BP earlier this month against the background of pressure both income and climatic investors.

The strategic reset of BP back to the company’s oil and gas activities occurred when the prices for rough began to immerse themselves against the volatility caused by the US and trade in Washington with China, the world’s largest raw material importer.

Energy analysts welcomed the strategic reset, and BP CEO Murray Achuchklos said the turn attracted “considerable interest” in the firm’s non -core assets.

Energy firm, however, remains firmly in the spotlight as The potential purpose of the absorptionwith similar to Shell and US Oil Giants Exxon Mobil and Chevron advertised as possible grooms.

It is planned that BP will report profits in the first quarter on Tuesday. The company said it believes that the first quarter was registered up to the current and higher net debt than in the last three months of 2024.