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U.S. activist investor Elliott Investment Management has taken a short position against British oil major Shell as part of a global hedging program. Elliott is said to have amassed an £850 ...
Elliott’s involvement has reignited talk of a mega-merger, even as market uncertainty clouds the company’s outlook.
At BP’s investor day in February, chief executive Murray Auchincloss promised a “fundamental reset” of BP’s strategy. He said the company would cut spending on green energy by 70 per cent and sell ...
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