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BP Preps for 2022 Project Startups as High Prices Boost Profits

BP Preps for 2022 Project Startups as High Prices Boost Profits

BP Preps for 2022 Project Startups as High Prices Boost Profits

Author: William Ploch | Published: February 08, 2022
Industry Segment: Production  |  Word Count: 721 Words
Attachment: BP 4Q21

SUGAR LAND--February 9, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--The world continues to grapple with the economic fallout from the COVID-19 pandemic, but oil and gas majors are too busy celebrating record-breaking bottom lines, which have been bolstered by sky-high commodity prices. BP plc (NYSE:BP) (London, England) recently reported its strongest full-year net profits in nearly a decade, as oil prices hit seven-year highs. BP is counting on several high-value projects, including offshore developments, to keep the momentum going. Industrial Info is tracking nearly $28 billion worth of active projects worldwide from BP, including more than $6 billion worth in the U.S. and Canada.

Within this article: Details on some of BP's most ambitious projects, including offshore projects in the Gulf of Mexico and Angola, and proposals in the rapidly developing green hydrogen market.

Other companies featured: Dominion Energy Incorporated (NYSE:D) and Lundin Energy.

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