BP ( (BP) ) just unveiled an announcement.
On February 26, 2025, BP announced a strategic reset aimed at enhancing shareholder value by reallocating capital expenditure, reducing costs, and improving performance. The company plans to increase investment in its upstream oil and gas business, focus its downstream operations on core integrated positions, and selectively invest in transition technologies such as biogas, biofuels, and EV charging. BP aims to reduce annual capital expenditure, achieve significant cost reductions, and increase free cash flow and returns by 2027. This strategic shift is expected to strengthen BP’s balance sheet, support higher shareholder distributions, and align with its long-term sustainability goals.
More about BP
BP p.l.c. operates in the energy industry, primarily focusing on oil and gas production, refining, and marketing. The company is known for its integrated energy operations, including upstream and downstream activities, and is increasingly investing in renewable energy sources.
YTD Price Performance: 14.00%
Average Trading Volume: 10,880,244
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $86.6B
Learn more about BP stock on TipRanks’ Stock Analysis page.