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Being a share price performance laggard among peers, integrated energy giant BP recently came out fighting despite posting lower annual profits. But will its moves work?
Investors are getting impatient with BP over the lack of updates in appointing a successor following Bernard Looney's exit. Things may not change well into 2024.
Whenever cyclical volatility hits the energy markets, consolidation often becomes the order of the day as oil majors go on the prowl. The latest M&A spree may ensnare BP.