Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a summary of a detailed note available to paid subscribers.
Elliott Management, the activist hedge fund, has taken an unspecified stake in BP. It will press for changes to enhance the company’s shareholder value.
There is significant room for improvement. BP has lagged the majors in the U.S. and Europe since the pandemic. Its return on assets trails its peers by half.
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