Group 1 - BP has announced the sale of its onshore wind business in the U.S. to LS Power, aiming to refocus on its core oil and gas operations and reverse its recent stock price decline [1][2] - The transaction involves 10 operational onshore wind projects across seven U.S. states, with a total installed capacity of 1.7 gigawatts, and the specific financial details will be disclosed in the upcoming Q2 earnings report [1][2] - BP's CEO, Murray Auchincloss, is executing a revival plan that includes a target of raising $20 billion through asset divestitures after abandoning a comprehensive low-carbon transition strategy [1][2] Group 2 - BP's strategic shift reflects broader trends in the global energy market, where oil and gas companies face profitability pressures and challenges in transitioning to low-carbon energy [2] - The company plans to reduce transformation spending by $5 billion over the next three years while maintaining an average annual investment of $10 billion in its oil and gas core business to enhance net production and reserve replacement rates [2] - BP's reserve replacement rate has declined from 90% in 2017 to a projected 1% in 2024, prompting increased exploration investment by 62% to $1.6 billion in 2024 and plans to drill approximately 40 wells over the next three years [2] Group 3 - Despite challenges, BP is committed to its strategic adjustment plan, aiming to balance cash flow from traditional operations with the transition to low-carbon energy [3] - The sale of the wind business marks a significant step in BP's strategic focus, with the progress of asset divestitures and stock performance becoming key points of market interest [3]