BP's shares surged over 7% during morning trading on February 10, 2025, reaching their highest level in six months, following news of activist investor Elliott Management acquiring a significant stake.

This decline is partly attributed to previous mismanagement, including the dismissal of former CEO Bernard Looney for serious misconduct in September 2023.

Investor dissatisfaction has been growing due to BP's previous leadership's strategy to reduce oil and gas production in favor of renewable energy projects.

Elliott Management is advocating for 'transformational changes' at BP to enhance financial performance, suggesting a potential shift back towards fossil fuel investments.

The stock price climbed to 461p, marking the highest level since August 2024, as investors responded positively to Elliott's involvement.

Analysts speculate that Elliott's activism could lead to significant board changes and increased capital spending on oil and gas exploration.

While Elliott likely does not have enough shares to force a sale of BP, a firm offer could significantly boost the company's stock price.

Despite this recent uptick, BP's shares have fallen nearly 10% over the past year, reflecting a broader trend of underperformance compared to competitors like ExxonMobil and Shell.

New CEO Murray Auchincloss is focused on restoring investor confidence and is expected to outline a revised strategy to address declining value and investor concerns.

BP is set to announce its fourth-quarter results on February 11, 2025, amid concerns about increased corporate costs and lower refining margins.

Both BP and Coca-Cola are scheduled to release their earnings reports on the same day, with BP's stock surge attributed to the entry of Elliott Management as a new shareholder.

In contrast, Ibersol shares fell by 1.49% to €7.92, highlighting the mixed performance across different sectors.