LSE:BP.Oil and Gas
BP (LSE:BP.) Launches Archaea Sale As Trading And Refining Lift Profit
BP reported a profit surge driven by oil trading and refining activity during recent geopolitical turmoil linked to the Iran war.
The company has started a sale process for its Archaea Energy renewable natural gas business.
These moves point to a shift in BP's portfolio focus and earnings mix that differs from its earlier push into renewables.
For investors watching LSE:BP, the news arrives after a strong run in the share price. The stock trades at about £5.521 and is up 5% over the past...