BP Shuts Down Its Corporate Venture Arm After Nearly Two Decades

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Oil major BP is closing BP Ventures, its corporate investment division, after nearly 20 years of operation. The decision marks the end of a venture arm that reportedly failed to deliver strong returns over its lifespan. BP Ventures had been active for close to two decades, backing various technology and energy-related startups. The shutdown reflects a broader reassessment by BP of how it allocates capital across its business units.

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