BP Leans Into U.S. Shale While Labor Talks Test Upstream Ambitions [Yahoo! Finance]
Exxon Mobil Corporation (XOM)
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Source: Yahoo! Finance
Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. BP (LSE:BP) is increasing its focus on U.S. shale output as a core part of its renewed emphasis on upstream oil and gas. The company is prioritising new upstream projects in the U.S. as it rebalances its approach relative to earlier plans for green investments. At a key refinery, BP is in labor talks over a proposal to outsource certain environmental technician roles to a third party contractor. The outsourcing plan is prompting workforce concerns around job security and environmental oversight at the facility. For you as an investor, BP's renewed focus on U.S. shale and upstream activity resets the conversation around where its capital and management attention are going. The company remains a large integrated energy group, and this refocus sits within a sector backdrop in which traditional oil and gas projects continue to play a centra
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