Last weekend, Bloomberg revealed that activist investor Elliott Investment Management had built a large stake in BP Plc. BP shares climbed as the news broke, perhaps attributable to the fact that Elliott has a track record of driving significant change within companies. Investors may also see this as a timely intervention, given BP’s performance has slumped over the past few years, relative to its competitors. 

On this week’s In The City, hosts Francine Lacqua and Allegra Stratton sit down with Bloomberg’s Aaron Kirchfeld to discuss the potential geopolitical ramifications of Elliott’s move, why BP’s poor performance over the last few years made a takeover more likely and how the shift away from net-zero, despite the accelerating climate crisis, has facilitated such a move. 

Last weekend, Bloomberg revealed that activist investor&nbsp;<a href="https://www.bloomberg.com/quote/978325Z:US" data-cke-saved-href="https://www.bloomberg.com/quote/978325Z:US">Elliott Investment Management</a>&nbsp;had&nbsp;built a large stake in&nbsp;<a href="https://www.bloomberg.com/quote/BP/:LN" data-cke-saved-href="https://www.bloomberg.com/quote/BP/:LN">BP Plc</a>. BP shares climbed as the news broke, perhaps attributable&nbsp;to the fact that Elliott&nbsp;has&nbsp;a track record of driving significant change within companies. Investors may also&nbsp;see this as a timely intervention, given&nbsp;BP&rsquo;s performance has slumped over the past few years, relative to its competitors.&nbsp; On this week&rsquo;s In The City, hosts Francine Lacqua and Allegra Stratton sit down with Bloomberg&rsquo;s Aaron Kirchfeld to discuss&nbsp;the potential geopolitical ramifications of Elliott&rsquo;s move, why BP&rsquo;s poor performance over the last few years made a takeover more likely and how the shift away from net-zero, despite the accelerating climate crisis, has facilitated such a move.&nbsp;

Get ahead of the trends and conversations that are shaping the City of London. Join Bloomberg's Francine Lacqua, Allegra Stratton and Dave Merritt every Thursday as they uncover the best stories and speak to the people in the know. 

Get ahead of the trends and conversations that are shaping the City of London. Join Bloomberg's Francine Lacqua, Allegra Stratton and Dave Merritt every Thursday as they uncover the best stories and speak to the people in the know.

Every week, Francine Lacqua and David Merritt go behind the scenes in the City of London, uncovering stories and speaking to the people that matter.

In the City

Get ahead of the trends and conversations that are shaping the City of London. Join Bloomberg's Francine Lacqua, Allegra Stratton and David Merritt every Thursday as they uncover the best stories and speak to the people in the know. 

Get ahead of the trends and conversations that are shaping the City of London. Join Bloomberg's Francine Lacqua, Allegra Stratton and David Merritt every Thursday as they uncover the best stories and speak to the people in the know.

In The City

How Net-Zero’s Troubles Made BP Vulnerable

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/5b2e55b1-6c08-4db1-8015-b28201075a4c/transcript

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