The shift follows several years of prioritizing renewable energy investments and a period of leadership instability that included five chief executives since 2020. The London-headquartered firm has now pivoted its strategy to place the traditional oil and gas business at the center of its global operations.
Wednesday, October 21, 2026
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BP Pursues $2B to $5B Deal for Devon Energy US Shale Assets
Business27 days ago
The British energy company has entered a data room to review the South Texas operations of Devon Energy as it seeks to expand its oil production in the United States. The potential acquisition of Eagle Ford shale assets is valued between $2 billion and $5 billion, according to people familiar with the matter. BP has spent recent weeks examining targets to grow its onshore holdings of oil-heavy assets.
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