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BP to Sell U.S. Biogas Unit Archaea Energy Amid Surging Oil Profits
BP plans to sell its U.S. biogas operation, Archaea Energy, following weaker-than-expected returns and a surge in oil profits, signaling a further retreat from its green energy investments.
4 Aug, 10:12 — 5 Aug, 10:30
The Story
Analyzing sources…
Source Diversity
Source Diversity
Moderate (27/100)2 sources— more sources would strengthen this score15/33
Spectrum spread— 2/5 buckets covered8/33
Far L
Left1
Left (1)
Yahoo
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Far R1
Far Right (1)
zerohedge
Geographic diversity— 1 region4/34
US2
ℹAll sources from US region
ℹOnly 2 sources cover this story
Sources
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YahooMostly Factual5d ago
BP to Sell U.S. Biogas Unit as Oil Profits Surge
Read full article →zerohedgeLow4d ago
BP Retreats Further From Green Energy With Archaea Sale
BP Retreats Further From Green Energy With Archaea Sale Via City A.M., BP plans to sell Archaea Energy after the US biogas operation delivered weaker-than-expected returns. Second-quarter adjusted profit climbed to $5.7 billion as Middle East disruption lifted oil and gas prices. Meg O’Neill is simplifying BP’s portfolio, reducing debt and concentrating investment on its most profitable assets. BP has announced that it will offload its US biogas business just days after confi...
By Tyler Durden
Read full article →Coverage Timeline
First report: Yahoo · 4 Aug, 10:12|Full coverage: 2 · 1d|Window: 1d
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