🔮   BP dropped its green pledges and turned back to oil. Now the price of crude has collapsed

Business

At its AGM this week, the company will face not only the activist investor at its heels, but a global economy being changed from the White HouseAfter Donald Trump’s “liberation day” on Wednesday last week, BP lost almost a quarter of its market value in a share price rout even deeper than the oil giant endured in the wake of the Deepwater Horizon disaster. Thecollapse in global oil prices in the wake of the US president’s ­tariffblitz may have wiped billions from its ­market value – but Trump isn’t BP’s only problem.The oil company will face shareholders this week for the first time since it bowed to investor pressure to abandon its green energy ambitions in favour ...

The Guardian     Apr 13, 2025