BP Plans to 'Fundamentally Reset' Strategy Amid Reports of Elliott Stake

KEY TAKEAWAYSBP announced plans to "fundamentally reset" its strategy Tuesday as Elliott Investment Management reportedly has taken a "significant" stake in the British oil giant.BP CEO Murray Auchincloss said the company plans to share a "new direction" during its Capital Markets Update on Feb. 26.BP has pivoted away from its core oil and gas business toward low-carbon operations in recent years. BP (BP) announced plans to "fundamentally reset" its strategy Tuesday as Elliott Investment Management reported ...