zodebala/Getty Images

ENERGY INTELLIGENCE FINANCE

Actionable corporate analysis and insights on the world’s top oil and gas companies

Top Stories
Top Story 1
Top Story 2
Top Story 3
Top Story 4
Latest Issue
Latest
Data Snapshot
Editor's Pick
  • BP’s Bumerangue discovery offshore Brazil could move the needle for the UK major and is being compared with Exxon Mobil’s Liza find offshore Guyana 10 years ago. Barclays reckons that – on average valuations – Bumerangue could be worth $25 billion, almost one-third of BP’s current market cap. While successful commercial development of the ultra deepwater pre-salt field could greatly boost BP’s value, much more information is needed to get investors to buy in, especially regarding the reservoir’s high CO2 levels. On the one hand, success at Bumerangue could help BP defend against a potential takeover; on the other, it could make the company more attractive to a suitor.
JAMES BOURNE is the Editor of Energy Intelligence Finance and covers some of the largest Western oil companies as a reporter on the Corporate team. James has been writing and editing energy-related news across the globe for more than three decades.
Copyright

Copyright Notice

Copyright ©2025 by Energy Intelligence Group, Inc. (EIG) ISSN 0193-9270. All rights reserved. Reproduction or distribution of copies of EIG publications, articles or other content (EIG Works) in any manner, including by making printed copies, forwarding via email or other electronic means, or saving copies on any media, such as networks, servers and intranets, or sharing a user name and password to access EIG Works, or storing, processing and/or reproducing EIG Works to train datasets or create derivatives thereof, is copyright infringement and is strictly prohibited.

Additional copies of individual issues or articles may be obtained by contacting Customer Service: customerservice@energyintel.com
Sales: sales@energyintel.com
Customer Service: customerservice@energyintel.com

Join Industry Leaders Secure Your Delegate Pass to the Energy Intelligence Forum!