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Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey

Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey

Business

Business & Economics

BP p.l.c. (BP) Signs Deal with China’s Zhejiang Energy

Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey
Summary
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77% Informative

BP p.l.c. ( NYSE :BP) confirmed on Thursday that it had signed a contract with China -based Zhejiang Energy Group .

The two companies met at the 29th World Gas Conference on May 21 .

BP has recently re-focused its attention to its core business of fossil fuels, from alternative or renewable energy.

There could be an opportunity for BP to either shed non-core renewable assets or strike a merger deal.

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