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Reuters

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Business & Economics

Activist Elliott builds stake in oil major BP, source says

Reuters
Summary
Nutrition label

78% Informative

U.S.-based Elliott Investment Management has built a stake in oil major BP , a source familiar with the matter told Reuters .

The source did not provide the size of the stake.

The activist investor sees BP as undervalued, Bloomberg News reported.

BP has a market capitalization of about 69 billion pounds ( $85.62 billion ), less than half of rival Shell 's value.

VR Score

88

Informative language

94

Neutral language

55

Article tone

formal

Language

English

Language complexity

49

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

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