BP Has Outmanoeuvred Elliott Again

Bp and elliot

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Ian Tyler is now BP’s permanent chair, Amanda Blanc is leaving, and the company is once again resetting its leadership and strategy. In this episode, we look beyond the appointment itself and ask whether BP’s real problem is now bigger than strategy.

We revisit Macondo, Rosneft and the failed transition strategy, examine what Tyler’s comments about evolving the board really imply, and consider why Elliott may have focused too heavily on costs, assets and spending while leaving the governance question largely untouched. BP has absorbed much of Elliott’s prescription. The real question is who controls what happens next.