Oil giant BP quietly steps out of the takeover spotlight
1. BP shares climbed over 32% since April, outperforming rivals. 2. Recent strategic reset and leadership changes contributed to positive sentiment. 3. New chairman Albert Manifold is expected to drive turnaround. 4. Elliott's 5% stake pressures BP for improved cash returns. 5. BP's $26.04 billion net debt remains a concern amid oil price volatility.