Split BP? New FT letter reignites break-up debate as India presses $30bn Reliance gas claim
A letter in the Financial Times called for BP to split its oil-and-gas business from its retail and EV-charging operations. The move comes as BP and Reliance face a $30 billion arbitration claim in India over gas production. Activist pressure has fueled a global surge in corporate break-ups, with over $1 trillion in asset sales announced in 2025.