It is a discovery that is very timely. The British oil giant BP, which renamed its hydrocarbons strategy, announced Monday after detecting a gas and oil deposit in Brazil, its greatest discovery “for 25 years”, on the eve of the presentation of its results.
The group title, which will present its results in the second quarter on Tuesday, won approximately 1.5% on Monday around 9:20 AM GMT in the London Stock Exchange.
“The results of the drilling site indicate high levels of carbon dioxide,” BP develops, which “will now begin a laboratory analysis to better characterize the tank and the discovered fluids.”
This discovery is the tenth revealed by the company in 2025.
A pressure group
BP, who has just announced the next appointment of Irishman Albert Manzold to the head of its board of directors, never stops disappointing markets in recent years, feeding regular repurchase rumors, still denied, in particular by its British rival Shell.
It is also under pressure from the Elliott American Investment Fund, who recently formalized its entry to capital, known for requesting strategic changes within the groups in investing.
The group resigned in February a climatic strategy that was once ambitious to re -behered in oil and gas, for the disgust of environmental defense organizations.
According to him, the group should trust its results on Tuesday “to convince the market that he really saw his strategy and distanced himself from the green transition, considered unpopular for an important part of his shareholders.”
Source: BFM TV
