Considering the environment, this sale is positive and marks the completion of the $15bn divestment programme started after the acquisition of the shale assets from BHP in 2018. Overall, BP’s strategy in downstream is to bring stable earnings, to offset volatility in upstream. In this regard, expanding renewables activities would seem appropriate to BP. While, BP has a competitive advantage in this field, exposure to renewables will allow the oil majors to keep their oil & gas activ
30 Jun 2020
Petchem exit is not a strategic shift
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Petchem exit is not a strategic shift
BP p.l.c. (BP:LON) | 494 11.4 0.5% | Mkt Cap: 83,913m
- Published:
30 Jun 2020 -
Author:
Kevin VO -
Pages:
2
Considering the environment, this sale is positive and marks the completion of the $15bn divestment programme started after the acquisition of the shale assets from BHP in 2018. Overall, BP’s strategy in downstream is to bring stable earnings, to offset volatility in upstream. In this regard, expanding renewables activities would seem appropriate to BP. While, BP has a competitive advantage in this field, exposure to renewables will allow the oil majors to keep their oil & gas activ