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BP Retreats Further From Green Energy With Archaea Sale
BP Retreats Further From Green Energy With Archaea Sale
Via City A.M.,
BP plans to sell Archaea Energy after the US biogas operation delivered weaker-than-expected returns.
Second-quarter adjusted profit climbed to $5.7 billion as Middle East disruption lifted oil and gas prices.
Meg O’Neill is simplifying BP’s portfolio, reducing debt and concentrating investment on its most profitable assets.
BP has announced that it will offload its US biogas business just days after confirming its exit from the North Sea, as the firm looks to shift its focus back to core oil and gas products.
The...
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