BP doesn’t wait for new CEO to take big write-off of renewables business

BP isn’t even waiting for its new CEO to start before taking a big charge over its push into renewable energy.
E&E

BP embraces oil and gas, snubs renewables in corporate reset

The British petroleum giant laid out plans Wednesday to boost spending on fossil fuels as it dials back renewable energy plans. BP officials announced a “fundamental reset” Wednesday for the ...
National Review

Shareholder Value Is Back at BP

A glorious headline: “BP to slash spending on net zero ventures as it focuses on oil and gas again.” The company formerly known as British Petroleum is going to focus on petroleum again. Great news.
NextBigFuture

BP Buys $100 Million of Tesla Ultra-Fast Chargers

Today BP (British Petroleum) announced a deal in which BP pulse, BP’s EV charging business, will acquire ultra-fast charging hardware units from Tesla for $100 million. The investment will facilitate ...
Artnet

The British Museum Could End Its Partnership With BP This Year, Following Years’ Worth of Climate Protests Against the Sponsorship Deal

In an apparent capitulation to vocal environmental and climate change activists, the British Museum is reportedly ending its 27-year partnership with BP, formerly known as British Petroleum, at the ...
Seeking Alpha

BP Is A European Oil Company With Strong Return Potential

BP has a market cap of over $80 billion, strong EBITDA, and a nearly 6% dividend yield, showcasing robust shareholder returns. The company plans to grow EBITDA by 6% with new projects and LNG ...