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BP discovers major oil reserves off Brazil, boosting stock by 9% and extending production into the 2040s.
BP has made its largest oil and gas discovery in 25 years, located 19,000 feet below sea level off the coast of Brazil.
This significant find is expected to extend BP's oil production into the 2030s and 2040s, marking a return to its core business after attempts to pivot towards green energy.
The discovery is one of ten made by BP this year, and it has boosted BP's stock by 9% to $32.49 per share.
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BP descubre importantes reservas de petróleo en Brasil, aumentando las existencias en un 9% y extendiendo la producción hasta la década de 2040.