BP plc BP has entered into an agreement to divest its mobility and convenience, as well as bp pulse, businesses in the Netherlands to Catom. The divestment, expected to be completed by 2025-end, is ...

BP has reversed its renewable energy ambitions to refocus on oil and gas production, appointing a new chair and selling off ...

BP announced Friday it will sell its entire U.S. onshore wind portfolio to LS Power, according to Benzinga. The move is part ...

This move aligns with BP’s broader “reset” strategy, outlined in 2020, to divest non-core assets and concentrate on integrated energy hubs and high-margin markets.

While the stock has not outperformed its peers over the past five years, the company has become a potential takeover target for larger firms. Even if a takeover doesn’t happen, the activist investor ...

In a striking move that underscores its evolving corporate strategy, BP PLC announced Friday that it has agreed to sell its ...

The company intends to offload the business for an undisclosed sum to LS Power as part of plan to shed US$20 billion in assets.

BP announced today that it has agreed to sell its US onshore wind business, BP Wind Energy North America Inc., to LS Power.

BP plans to divest $20 billion in assets, including Castro. Combined with less spending, debt should fall to a range of $14 billion-$18 billion by the end of 2027 from $23 billion currently.

BP stock has lagged among the world's super majors, with shares up 6% over the past five years compared to a rise of 113% for ExxonMobil , 64% for Chevron , 51% for Shell , and 40% for TotalEnergies .