BP Sells Archaea Biogas Business as Profits Surge
Deals·3 articles across 3 outlets
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
BP Plc announced it has put its Archaea Energy biogas business up for sale, coinciding with a surge in profits. Chief Executive Officer Meg O’Neill is driving the company's turnaround after years of underperformance.
The UK oil major has received several approaches for its North Sea assets, indicating strong interest in its operations as it seeks to streamline its portfolio.
BP
Sources
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SourceReports the news
“Chief executive says UK oil major has had several approaches for its North Sea assets”
FT — BP to sell US biogas business as profits soar“BP Plc said profit soared as it announced it’s put its Archaea Energy biogas business up for sale, adding momentum to Chief Executive Officer Meg O’Neill’s drive to turn the company around after years of underperformance.”
Bloomberg — BP Profit Surges as It Puts Biogas Business Archaea for Sale