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.

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 ...

BP plc BP announced on Thursday that it will exit the Australian Renewable Energy Hub (“AREH”), one of the world’s largest planned green hydrogen projects, according to a Reuters report. The company ...