Bp's expansion plans were reduced, and its ability to compete with other large multinational oil companies like____ became limited

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03-08-2022
Business

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Bp's expansion plans were reduced, and its ability to compete with other large multinational oil companies like____ became limited

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smecloudbird17 smecloudbird17 · Answer 1 · 2022-08-13T12:15:58-04:00

BP's expansion plans were reduced, and its ability to compete with other large multinational oil companies like Exxon Mobil and Shell became limited.

BP (British Petroleum) is an integrated oil company which is headquartered in London, United Kingdom. This company is mainly involved in exploring and developing oil and natural gas sources.

BP's competitors were Exxon Mobil, Shell and many other large multinational oil companies. Thus, because of this competition BP's expansion plans were reduced, and its ability to compete with other large multinational oil companies became limited.

Hence, BP also failed to go beyond Petroleum.

To learn more about Exxon Mobil and Shell here:

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