BP Finds a Billion Barrels of Oil, Analysts Say Shares are a ‘Buy’ - CCN
Crypto Coins News - Wed 9 Jan 01:29 GMT

BP Finds a Billion Barrels of Oil, Analysts Say Shares are a ‘Buy’ - CCN

Using advanced technology, BP has discovered new oil reserves in the Gulf of Mexico. Many analysts are showing confidence in the stock and Goldman Sachs has reissued its “buy” rating for BP shares. BP Finds New

  Using advanced technology, BP has discovered new oil reserves in the Gulf of Mexico.

  Many analysts are showing confidence in the stock and Goldman Sachs has reissued its “buy” rating for BP shares.

  The new technology utilized by BP meant it was able to analyze data from its Thunder Horse oil field in weeks instead of a year.

  Bernard Looney, BP’s chief executive for production and exploration, said: BP also plans to spend $1.3 billion to develop its Atlantis field near New Orleans where it found a further 400 million barrels of oil.

  On Monday Goldman Sachs Group reissued a “buy” rating for BP stock.