Big Oil's Activist Uprising: BP Gets Slapped with a Reality Check
Key Points
- Elliott Management pressures BP to triple its cash flow by 2...
Looks like someone forgot to tell BP that "green" doesn't just refer to money. The energy giant is learning this lesson the hard way as Elliott Management, armed with a fresh 5% stake, crashes their sustainability party with all the subtlety of an oil spill at a vegan convention.
Show Me The Money, Honey
BP's current free cash flow of $8 billion is giving Elliott Management serious heartburn. They're demanding a leap to $20 billion by 2027 - because apparently, printing money isn't as easy as printing sustainability reports. The company's previous green energy romance, masterminded by form...
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