Reported about 2 months ago
BP Plc’s stock has dropped to its lowest point in two years as investors react negatively to the company's shift away from its traditional oil and gas business towards greener initiatives. Pressure is mounting on new CEO Murray Auchincloss to reconsider this strategy, especially as BP's profits largely hinge on fossil fuel markets, which have regained valuation amidst rising commodity prices. In contrast to BP's struggles, British rival Shell has seen its stock rise following a more aggressive approach toward returns on investment, highlighting investor skepticism regarding BP's sustainability and growth outlook.
Source: YAHOO