The company now sees global oil demand peaking in the mid-2030s instead of before 2030. BP: declines are coming only gradually, driven by efficiency gains and EV adoption but offset by petrochemicals.
The energy giant has been weakened by years of mishaps and poor decisions, leading to rumors of a takeover that may not subside. By Stanley Reed Reporting from London For months, speculation has been ...
BP p.l.c. is executing a $20B divestment program, highlighted by the $10B Castrol sale to Stonepeak, to accelerate net debt reduction. The Castrol divestment aligns BP with activist demands for higher ...
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