News Formal

BP Exits Petrochemical Business in $5 Billion Deal

  • 📰 WSJ
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

BP is exiting the petrochemicals business with a $5 billion sale to the U.K.'s Ineos, as major oil companies look to transition toward cleaner energy

By Sarah McFarlane Close Sarah McFarlane June 29, 2020 6:03 am ET Energy giant BP PLC has agreed to sell its petrochemicals business to British chemicals company Ineos Ltd. in a $5 billion deal that will help reshape its business for the global transition to lower-carbon energy, the company said on Monday.

“This is another significant step as we steadily work to reinvent BP,” said Bernard Looney, Chief Executive of BP. Ineos is one of the world’s largest chemical producers. It was founded in 1998 and is majority owned by British billionaire Jim Ratcliffe, one of the U.K.’s richest men. Last year, it bought two polystyrene plants in China from French energy giant Total SA.

“The deal goes some way to fill the cash-flow deficit faced by BP,” said Irene Himona, managing director for oil-and-gas equity research at Société Générale.

 

コメントありがとうございます。コメントは審査後に公開されます。

The profit margins for renewables are horrendous once government subsidies go bye-bye. More Woke Corporate Board capitalism.

Such an odd (though not unfavorable) headline. I mean, petroleum is part of its name.

SJ_Murray EVIL!

Ouch !!! … a harbinger of things to come ?

Bravo bp_plc 👏🏼

Hold up...how you transfer wind n solar ?

Huge

.good bp_plc

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 98. in JP

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

How $2 billion went 'missing' from German fintech company Wirecard - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. This guy looks like a Bond villian.
ソース: BusinessInsider - 🏆 729. / 51 続きを読む »

Philippines investigates Wirecard's missing $2 billion - Financial Times - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Tell the banks to release the money!
ソース: BusinessInsider - 🏆 729. / 51 続きを読む »

China state firms' profits fall 52.7% year-on-year in Jan-May: finance ministryProfits at China's state-owned firms fell 52.7% y/y in Jan-May, according to a statement from the country's Finance Ministry on Monday, to 663.1 billion yuan ($93.67 billion). China has a disgraceful government
ソース: Reuters - 🏆 2. / 97 続きを読む »