By Christian Moess Laursen BP said it has agreed to form a joint venture with Abu Dhabi National Oil Company to explore and develop gas assets in Egypt,.
U.K. stocks finished up Wednesday, with the FTSE 100 Index rising 0.75% at 7,568.40. Among FTSE 100 constituents, company Coca-Cola HBC AG saw the largest.
The world’s largest oil companies, like BP, Shell, and Chevron, are increasingly turning to one word to reassure investors that they’re not going to stop.
By Christian Moess Laursen BP posted higher-than-expected annual profit, joining other oil-and-gas giants in showing resilience despite volatile energy.