How South America became the up-and-coming oil capital of the world [CNN]
BP p.l.c. (BP)
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Source: CNN
The first is an ecological gem: a 3,600 square-mile deepwater coral reef discovered less than a decade ago. The second treasure puts the first in immediate danger. Billions of barrels of oil may lie in the ancient sediments beneath the seabed, and licenses have just been approved to drill there. A few hundred miles north, off the coast of Guyana, companies are already pumping around 650,000 barrels of oil a day from a huge deep-water reservoir discovered in 2015. The find has transformed this rainforest-carpeted country into the planet's newest petrostate and highest oil producer per capita. Several thousand miles inland to the south, the wide, dusty plains of western Argentina's Vaca Muerta — “dead cow” in English — are dotted with oil wells. Fossil fuel production from this enormous shale deposit has boomed over the past decade, putting it on track to produce more than a million barrels a day by 2030, analysts predict. Welcome to South America's new oil frontier. “It's really
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News
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BP
Earnings
- 11/5/25 - Beat
BP
Sec Filings
- 12/1/25 - Form 6-K
- 12/1/25 - Form 6-K
- 11/6/25 - Form 13F-HR
- BP's page on the SEC website