BP is reshaping its investment portfolio by offloading select assets in favor of ramping up investments in oil and gas. Recently, the company announced the sale of its stake in the entity that invested in the TANAP gas pipeline—which connects Azerbaijan and Turkey—for 1 billion dollars to Apollo Global Management. This move reflects BP’s strategic asset optimization in the context of the global energy transition and its efforts to streamline its portfolio.

Shares of Groep Brussel Lambert NV have decreased by 1% following the release of their annual results for 2024. While the evaluation of the company’s investment portfolio met analysts' expectations, the report revealed mixed outcomes for private assets, negatively affecting investor sentiment.