Which will first concentrate on ongoing projects in North-West Europe, Australia, and Japan, shares increased by as much as 3.9 percent, the largest increases since April.
As BP’s CEO turned his attention to fossil fuels during the summer, the company halted all new offshore wind projects.
Hiring in the offshore wind segment was also halted by Murray Auchincloss, who was appointed permanent head of the company at the beginning of the year.
Since the corporation started a green drive under former CEO Bernard Looney, who set out to “establish.
The foundations” of a renewables-focused business and attain zero net emissions by 2050, investors have been disappointed with the company’s performance.
The price of BP’s shares has fallen more than 16 percent this year and more than 30 percent since the beginning of 2023.
