By Shangyou Nie
Once Europe’s most progressive major, BP has reset its strategy back to investing heavily in oil and gas. In February, BP CEO Murray Auchincloss announced the company would return its focus to its core business in oil and gas, an attempt to recover from poor performance and improve shareholder returns.
American Association of Petroleum Geologists (AAPG)
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BP returns to its core business, oil and gas, after a failed pivot to renewable energies.
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