BP Stock Jumps. Activist Elliott Raises Stake Above This Key Level. - Barron's
1. Elliott Management increased its stake in BP to over 5%. 2. BP plans 20% free cash flow growth over three years. 3. Elliott seeks $20 billion free cash flow by 2027, above BP's $14 billion target. 4. BP has underperformed Shell, raising concerns over its current strategy. 5. CEO welcomes shareholder feedback while focusing on traditional energy projects.