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Bp discovers brazil, its largest:
Keystone-SDA
The British oil giant BP. Consequently, which refocused its strategy on hydrocarbons, announced on Monday that it has detected a gas and oil deposit off Brazil, its greatest discovery “for 25 years”, on the eve of the presentation of its results
(Keystone-ATS) “We are delighted to announce this significant discovery (…) the largest made by BP in 25 years,” said Gordon Birrell, group production and operations manager, in a press release.
The group’s title, which is due to present bp discovers brazil, its largest its results in the second quarter on Tuesday, earned approximately 1.5% Monday around 9:20 a.m. Furthermore, GMT on the London Stock Exchange.
“The results of the analysis on the drilling site indicate high levels of carbon dioxide”. develops BP, which “will now start a laboratory analysis to better characterize the tank and the fluids discovered”.
This discovery is the tenth revealed by the company in 2025.
BP. which has just announced the upcoming appointment of the Irishman Albert Manifold at the head of his board of directors, never ceases to disappoint the markets in recent years, fueling regular repurchase rumors – still denied – in particular by his British rival Shell.
He is also under pressure from the American investment fund Elliott. who recently formalized his entry to capital, known to request strategic changes within the groups in which he invests.
The group gave up in February a climate strategy that was once ambitious to bp discovers brazil, its largest refocus on oil. gas, to the chagrin of environmental defense organizations.
“If BP wanted a news capable of convincing the markets of its refocusing on hydrocarbons before the publication of its results”. this discovery “constitutes one,” said Russ Moud, analyst at Aj Bell.
According to him. the group should rely on its results on Tuesday “to convince the market that he really saw his strategy and distanced himself from the green transition, considered unpopular by a significant part of its shareholders”.
Bp discovers brazil, its largest
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