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BP to buy 15% stake in China biofuels producer for $48.5M (NYSE:BP)

Leon Neal/Getty Images News BP (NYSE:BP) will invest 353M yuan (~$48.5M) to acquire a 15% stake in Chinese renewable diesel and sustainable aviation fuel producer Lianyungang Jiaao New Energy, S&P Global reported Wednesday. Parent company Jiaao Enprotech has 100K metric tons/year of SAF capacity, and the deal comes amid risingContinue Reading

BP plunges after warning weaker oil refining, writedowns will hit Q2 profit (NYSE:BP)

In: Finance

jetcityimage/iStock Editorial via Getty Images BP (NYSE:BP) -4.1% in Tuesday’s trading, on pace for its largest percentage decrease since October 2023, after warning that weak oil trading and reduced refining margins will hurt Q2 earnings. The company also said it expects to write down $1B-$2B in after-tax asset impairments andContinue Reading

BP to buy 15% stake in China biofuels producer for $48.5M (NYSE:BP)

BP plunges after warning weaker oil refining, writedowns will hit Q2 profit (NYSE:BP)

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