I read the articles and in the first 3 they sell some assets for at least 7 billion and in one of the first 3 it states BP plans/or has already sold 30 billion at least since 2010. The last article BP actually spent 28 billion in a stock and cash deal the Russian owned Rosneft.
This one goes to just their news section randomly. .
Some reasons the companies are selling: Seems companies are just wanting to do exploratory research and production rather than refining in countries that have surplus and hurt profit.
Also it seems Exxon wanted to sell off its stake in the Iraqi gov. owned/backed while taking a more lucrative deal with the Kurd's. The Kurd's say it's their right to use their resources however they please while the Iraqi gov. says its illegal.
This one the company sells but then reinvests the money for 1.7 million acres plus upgraded stuff.
So all in all why they are selling makes sense without the conspiracy. Do it take away from it? IMHO it doesn't that much. They are maximizing profits/selling to make money like all businesses but at the same time should be diversifying.
Would they all do this b/c of fusion since it would be the only power source that mattered? I am not sure.
Also still wanting to see more independent tests but am still encouraged by these results so far.
Will be editing. Did not mean to hit enter. Edited by OcN13 - 6/3/13 at 10:08pm