The British oil giant BP disengages from renewable energies

Between the current of some of its competitors, the group announces its refocusing on oil and gas.

BP will sell its land wind activities in the United States. This operation, the amount of which has not been communicated, precisely concerns ten wind farms – “wind farms” – in seven American states. The whole thing must be finalized by the end of the year.

If it is a major decision in the company’s strategy, it is not a surprise. In February 2025, BP said that he was giving up his climate strategy to return to his basic profession that is the extraction and refining of black gold, and gas production.

Management claims that the group is no longer the best placed to ensure the development of its wind farm in the United States. She believes that she had too much ambitions, to have seen too large compared to a profitability still too low. “”We went too far too fast “Ensures the branch of the BP low carbon energy branch.

By refocusing his activity on the production of oil and gas, the British giant hopes to boost his profits at half mast and, above all, give himself maneuvers to redistribute dividends to the shareholders strongly opposed to decarbonization projects, deemed unprofitable. To the chagrin of environmental defense organizations, BP has clearly chosen its shareholders.

And then this intervenes in a period when all the rumors run, including that of a BP acquisition by his compatriot Shell who has just denied formally. According to sector specialists, the sale of its wind farms in the United States could bring a large part of the $ 20 billion (around 17 billion euros) to BP to BP. BP is not the only petroleum group to do the back-to-back on its climatic objectives. The other Briton precisely, Shell, displays the same ambitions. In the United States, Exxon and Chevron are on the same line, driven by the American president, Donald Trump.

You should know that the United States has become the leading producer of oil in the world, passing by the Persian Gulf countries, thanks in particular to shale oil. Trump does not want to abandon this leadership for nothing in the world. As for total French flagship, without abandoning its activity in hydrocarbons, the multinational continues to invest massively in electric. She intends to place herself by 2030 among the world’s top five producers of renewable electricity.