BP and Chevron Stock Surge as Major Oil Discovery Fuels Energy Growth

BP and Chevron have seen a boost in their stock prices following an important oil discovery in the Gulf of America. The Far South field, located 120 miles off the coast of Louisiana, marks a key development for BP’s strategic shift toward greater oil and gas production. This move is expected to significantly increase BP’s output in the region, with plans to reach 400,000 barrels per day by 2030.