BP shares have suffered from profit-booking and weakness in oil prices in the recent past. Blue chip became very cheap in the last week of trading. Reports of BP becoming the largest shareholder in the world’s largest energy project were also practically lost. It can take the group to a whole new level.
Because after several small projects in the fields of renewable energy, e-mobility or hydrogen, BP is now having a blast. For example, in the Australian region of Pilbara, a mega-project for the production of massive amounts of hydrogen from renewable energy is to be realized for more than $30 billion. The British are said to have a 40.5 percent stake in the Asian Renewable Energy Hub. Annually 26 gigawatts of electricity or about 1.6 million tonnes of hydrogen or green ammonia are to be produced. Launch is planned for 2027. read more about it here,
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