BP at 52 wk low17 Jan 2024 13:09
Think this might be over leveraged, needs more oil and gas to recover as if it doesn't keep discovering it will eventually run out!
chinese people use 1/5 of the amount of oil that americans consume. indias are atr 1/15th the amount compared to usa and there is over a billion of them.
demand for fossil fuels is going no where and certainly not down. that's 2 billion people wanting more and they will get it so if you invest on an oil and gas as the play i think you'll be fine, demand globally is going one way. sometimes wonder from comments do people really think every ceo is that daft, un-interested or incapable even though they built a business far bigger than 99% of everyone else out there. you make your choice, live with the decision