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BP, Globex Mining, Rio Tinto: The Winners of the 2026 Commodities Boom
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BP, Globex Mining, Rio Tinto: The Winners of the 2026 Commodities Boom
BP – Facing a Crucial Test BP is turning the green tables. Under pressure from hedge funds like Elliott and a weakening stock price compared to competitors, the company is now pumping USD 10 billion annually into oil and gas projects—20% more than before. Spending on the energy transition, by contrast, is being slashed from USD 7 billion to just USD 2 billion. The old production target for 2030 is history. As early as January, billions in write-…
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