BP Makes Renewable Inroads With Largest Acquisition In Years

OilPrice.com | Oct 17, 2022 at 12:30 PM
  • BP will purchase US-based biogas producer Archaea Energy for $4.1 billion, BP said on Monday in what would be BP’s largest acquisition in years.
  • BP announced in August that it was selling its oil assets in Mexico to focus more on its renewables segment, although the political environment in Mexico likely played a role in the asset shedding.
  • BP’s financial prowess doesn’t seem to be diminishing as a result of its increased focus on renewables.