LSE:BP.Oil and Gas
BP Weighs North Sea Exit And US Listing As Capital Priorities Shift
BP (LSE:BP.) is reportedly reviewing its North Sea oil and gas portfolio in response to UK windfall taxes.
New CEO Meg O’Neill is said to have ordered a broad review of BP’s UK offshore operations.
The review includes consideration of a potential withdrawal from the North Sea and a possible move of the company’s stock market listing to the US.
BP operates as a global energy group with interests across oil, gas and lower carbon businesses, and the North Sea has historically been an important...