Here's a nugget of news that may have passed people by and which needs a little explanation. BP PLC (LSE:BP.
BP drops its H2Teesside hydrogen and carbon capture plan as the site is redirected toward a massive AI data center by the UK government.
The energy group pulled its application to develop H2Teesside on Monday, citing a rival plan for a data center on the same site.
| - Industry | - Sector | Murray Auchincloss CEO | XMEX Exchange | US0556221044 ISIN |
| GB Country | 100,500 Employees | 14 Nov 2025 Last Dividend | 4 Oct 1999 Last Split | - IPO Date |
BP p.l.c. is a globally recognized energy company, delivering a comprehensive range of carbon products and services. Founded in 1908, BP has established a diversified portfolio that addresses the evolving energy needs of the world. The company strategically operates through its Gas & Low Carbon Energy, Oil Production & Operations, and Customers & Products segments. BP is committed to leading the energy transition, focusing on producing natural gas, integrated gas and power solutions, and investing in low-carbon technologies such as wind power, hydrogen, and carbon capture and storage facilities. Its headquarters are located in London, the United Kingdom, serving as a testament to its enduring legacy and continuous innovation in the energy sector.
BP p.l.c. provides a diverse range of products and services aimed at meeting global energy demands responsibly. The company's operations encompass conventional energy production, renewable energy solutions, and customer-focused products. Here is a breakdown of BP's key offerings: