The company’s “next logical step” is to halt the buybacks and “allow for further de-leveraging in a weaker macro environment,” RBC analyst Biraj Borkhataria said in a note on Wednesday…
BP didn’t specify which assets were being written off, but its low-carbon portfolio includes a global offshore wind joint venture with Jera Co., as well as solar power, biofuels and electric-vehicle charging. Borkhataria anticipates more assets “to be on the chopping block.”
DB2