British oil giant BP announced that it has detected a gas and oil deposit off Brazil, claiming that it was its greatest discovery in 25 years.
BP announced the discovery of Greater gas and oil deposit in the last 25 years.
“We are excited to announce this significant discovery (…), the largest performed by BP in 25 years,” he said Gordon BirrellExecutive Vice President of BP, in a statement.
The group’s actions, which is expected to present the second quarter results on Tuesday, rose in mid-morning about 1.5% on the London Stock Exchange.
“The results of the drilling site indicate high levels of carbon dioxide,” details BP, which “will now begin a laboratory analysis to better characterize the reservoir and the discovered fluids.”
This discovery in Brazil It is the tenth released by the company in 2025.
BP, which has just announced the next nomination of the Irishman Albert Manifold For the position of president of his board of directors, he does not cease to disappoint markets in recent years, feeding constant rumors of acquisition – always denied – especially for his British rival Shell.
The oil company is also under pressure from the US investment fund Elliott, who recently officialized entry into capital, known for demanding strategic changes within the groups in which it invests.
BP recently reormed the strategy in relation to hydrocarbons.
In February, the group renounced a climate strategy, once ambitiousto focus on oil and gas, to displease the environmental defense organizations.
“If BP wanted news that could convince markets about its renewed focus on hydrocarbons before the publication of its results,” this discovery “constitutes one,” he believes Russ Mouldanalist da and bell.
According to the analyst, the group should, on Tuesday, support the results “to convince the market that it really changed its strategy and distanced itself from the green transition, considered unpopular by a significant part of its shareholders.”
