BP Revises Strategy, Prioritizes Profits Over Green Transition

BP plc (BP) , the British energy giant, has announced that it will cut down its investments in renewable energy ventures while bringing its focus back to oil and gas. This strategic shift is aimed at boosting investor confidence and returns in the face of weakening share price.Investor Pressure Drives Strategic ChangesBP has underperformed relative to its industry peers like ExxonMobil and Shell. Recently, the U.S. hedge fund Elliot Management acquired a 5% stake in the company, and it is believed that foll ...