BP’s Big U-Turn: Why Is the Energy Giant Returning to Oil and Gas? Shell, Equinor, and Exxon Are Making the Same
Rextag
MARCH 3, 2025
The broader energy industry has struggled with high costs, supply chain disruptions, and regulatory uncertainty in renewable energy projects. Investor Demands for Stronger Financial Performance BP has faced pressure from activist investor Elliott Management, which took a $4 billion stake in the company to push for higher returns.
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