BP CEO's 1,640-foot oil discovery erases 9% stock losses - here's why
Key Points
- BP made a significant oil discovery in Brazil after years of...
Finding oil in 2025 is like discovering a blockbuster rental store that actually makes money - theoretically exciting, but timing matters. BP just struck black gold in Brazil with their biggest discovery in 25 years, and suddenly everyone's pretending they weren't calling fossil fuels "yesterday's news" just last month.
The British oil giant uncovered an estimated 1,640-foot column of oil and gas at their Bumerangue block, which sounds impressive until you realize they named their drilling site after something that keeps coming back whether you want it to or not. Analysts are calling this dis...
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