Scion Asset Management announced a $6.5bn stake in BP this week. But what could Michael Burry be seeing in an underperforming FTSE 100 oil company? The post Michael Burry just bought 175,000 shares in this FTSE 100 company appeared first on The Motley Fool UK.
BP's focus on operational efficiency and cost management is set to yield at least $2 billion in cash cost savings by the end of 2026.
Zacks.com users have recently been watching BP (BP) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.