BP is seeking buyers for a stake in its U.S. natural gas pipeline network, potentially raising up to $3 billion by selling up to 49%. This move is part of CEO Murray Auchincloss's strategy to reduce the company's rising debt, which reached $24.3 billion in September. Amid investor pressure and a declining share price, BP is also looking to divest from its solar and wind operations.
BP Plc is optimistic about growth in the US under President-Elect Donald Trump, anticipating regulatory improvements in the oil and gas sector. CEO Murray Auchincloss expressed hope for expedited construction and permitting processes, driven by rising energy demand and advancements in artificial intelligence.
A surge in energy demand from technology giants, particularly hyperscalers focused on cloud computing and artificial intelligence, is significantly benefiting the fossil fuel industry. BP Plc's CEO, Murray Auchincloss, highlights that this growing appetite for reliable energy is driving an increase in natural gas demand in the U.S.
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.
