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Queen Mary

  • The campaign to divest from BP and Shell isn’t working. Here’s why

    energy

    The campaign for institutional investors to divest from oil giants like BP and Shell hasn't made any progress due to the companies' strength on indexes, a new study has found.

    "2024 was a transformational year with the completion of the Wintershall Dea transaction, our fourth significant transaction since 2017. As a result, we achieved a step change in the scale, resilience and longevity of our business underpinning the potential for material free cash flow generation well into the next decade. At the same time, we delivered another year of solid operational and financial performance. "Looking to 2025, we have had a strong start to the year. We continue to prioritise safe and efficient operations, mature our significant 2C resource base and maintain disciplined capital allocation. We remain excited about our future and look forward to realising the potential of our company for all our stakeholders.".

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