BP Begins Hunt for New Chair As Elliott Management Pushes for Changes
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 04 2025
0mins
Source: Benzinga
Leadership Change at BP: BP is in the process of selecting a new chair following Helge Lund's decision to step down, with Dame Amanda Blanc leading the succession effort to ensure a smooth transition by 2026.
Stock Performance and Pressure from Activists: BP shares have dropped 4.72% premarket amid pressure from Elliott Management for changes to improve performance, coinciding with a reported decline in hydrocarbon production and missed revenue estimates.
Analyst Views on BPH
Wall Street analysts forecast BPH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BPH is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
0 Buy
0 Hold
0 Sell
Current: 54.616
Low
Averages
High
Current: 54.616
Low
Averages
High
No data
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
