1014 GMT - BP's new CEO Meg O'Neill wastes no time putting her stamp on the business, AJ Bell's investment director Russ Mould writes. She has put BP's U.S. biogas business Archaea up for sale just days after doing the same for its U.K. North Sea assets. O'Neill will be aware she can't rely on oil and gas prices remaining high forever and will need to ensure the company can prosper when the backdrop isn't as supportive, he adds. BP shares rise 1% to 557.70 pence.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.