Elliott Takes Short Position in French Oil Giant TotalEnergies

Dow Jones

Mar 08, 2025

By Adria Calatayud

Activist hedge fund Elliott Management took a short position in French oil giant TotalEnergies, according to a regulatory filing, a move that comes shortly after the investor built a stake in Britain's BP.

The short position--or a bet that the stock will fall--amounts to 0.52% of TotalEnergies' capital, according to a regulatory filing published Friday. Elliott took the position on Thursday, the filing showed.

TotalEnergies didn't immediately respond to a request for comment.

The short position is part of Elliott's global hedging program, a person familiar with the matter said.

Elliott recently took a stake in BP with a view to pushing for significant changes. The investor also built a more-than-$2.5 billion stake in Phillips 66, which this week said Elliott had nominated seven directors to its board.

Write to Adria Calatayud at adria.calatayud@wsj.com

(END) Dow Jones Newswires

March 07, 2025 12:57 ET (17:57 GMT)

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Elliott took the position on Thursday, the filing showed. \n\n\n  TotalEnergies didn't immediately respond to a request for comment. \n\n\n  The short position is part of Elliott's global hedging program, a person familiar with the matter said. \n\n\n  Elliott recently took a stake in BP with a view to pushing for significant changes. The investor also built a more-than-$2.5 billion stake in Phillips 66, which this week said Elliott had nominated seven directors to its board. \n\n\n \n\n\n  Write to Adria Calatayud at adria.calatayud@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 07, 2025 12:57 ET (17:57 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}