XOM - BPX Energy Pursues BP's Low-Carbon Goal Via U.S. Shale
For investors considering broadly-diversified international oil companies moving directionally toward alternate energy and low-carbon (natural gas) production, BP (BP) may be of interest.
The company pays a 6.7% dividend and has spent the past year integrating its $10.5 billion U.S. shale play acquisition into its extant U.S. operations.
This article focuses on BP’s Lower 48 operations, the BPX Energy division, as a U.S. shale competitor and as emblematic growth for the overall company. An international major, BP has substantial other operations in the U.S. offshore and downstream, in Europe, in Russia, and other