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Archaea Energy

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uuid0004ocb

Namestring
Archaea Energy
Legal namestring
Archaea Energy
Company typeenum
Private
Founded yearint
2018
Descriptiontext

Archaea Energy is a renewable natural gas producer founded in 2018 and headquartered in Canonsburg, Pennsylvania. It operates as the largest producer of RNG (biomethane) in the United States, capturing methane emissions from landfill gas operations across multiple US sites and converting them into pipeline-quality biomethane. The company's core technology stack includes biogas upgrading via pressure swing adsorption and membrane separation, with downstream liquefaction capabilities accessed through the Freeport LNG terminal on the Gulf Coast for international export.

The company's primary product is renewable natural gas, sold under long-term supply agreements to utility, energy, and industrial customers. It has secured enterprise offtake agreements including a December 2025 biomethane supply agreement with Osaka Gas Trading and Export (OGTX) for export to Japan. Its go-to-market is exclusively B2B enterprise field sales targeting utilities and industrial energy consumers seeking low-carbon fuel to meet decarbonization mandates. Distribution is direct for domestic US customers and via LNG export channels for international buyers.

Archaea Energy was acquired by BP in 2022 for approximately $4.1 billion as part of BP's energy transition strategy, and now operates as a wholly-owned subsidiary. In early 2026, BP took a $3.5 billion write-down on Archaea as part of a broader $5.4 billion impairment of its renewable energy portfolio, signaling a strategic pivot back toward oil and gas under incoming leadership. Despite the write-down, Archaea remains an active operating business with continuing partnership and operational investments.

Short descriptiontext

Archaea Energy is the largest US producer of renewable natural gas, converting landfill methane into biomethane for utilities, industrial customers, and international LNG export under long-term B2B supply agreements. It operates as a wholly-owned subsidiary of BP.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
251–500
akta.pro rankint
HeadquartersCanonsburg, United States
HQ citystring
Canonsburg
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices4 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
renewable natural gas, landfill gas capture, biomethane production, carbon-neutral fuel, methane emissions reduction
Industry4 codes
1Landfill Gas (LFG) Collection & RNG Upgrading
CodeEUAAAEABPrimaryYes
2RNG Upgrading, Purification & Conditioning (Membranes, PSA, Amine, Cryogenic)
CodeEUAAAEADPrimaryNo
3Renewable Natural Gas (RNG) & Biomethane Trading
CodeEUAGAGAIPrimaryNo
4Biogas/RNG Plant Operations, Maintenance & Asset Management
CodeEUAAAEAIPrimaryNo
NAICS code1 code
  • Industrial Gas Manufacturing32512
SIC code1 code
  • Crude Petroleum & Natural Gas1311
Product category
Renewable Natural Gas Production
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Renewable Natural Gas Sales
TypeTransaction Fee
Description

Archaea Energy generates revenue by producing and selling renewable natural gas (biomethane) extracted from landfill gas. The company operates production sites across the United States and sells RNG under long-term supply agreements to utilities, energy companies, and industrial customers domestically and for export.

24-7pressrelease.com
Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Operations, Infrastructure, Supply Chain, Technology or R&D, Personnel
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

Archaea Energy develops and operates renewable natural gas (RNG) production assets that capture methane from landfill gas at multiple U.S. sites and convert it into pipeline-quality biomethane. The company is the largest RNG producer in the United States and sells output to utilities, energy companies, and industrial customers domestically, while also liquefying biomethane at the Freeport LNG terminal for export to international buyers such as Osaka Gas.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 value
  • Archaea Energy produces RNG at scale from multiple US landfill sites, enabling carbon-neutral energy supply to customers like Osaka Gas importing 26,000 Nm³ of biomethane
Product overview1 text field

Archaea Energy operates as a single-product renewable natural gas (RNG) producer, converting landfill gas into RNG at multiple US production sites. The company is a bp-owned subsidiary and represents the largest RNG production operation in the United States, with a vertically integrated approach from gas capture at landfills through liquefaction and distribution.

Product and service1 record
1Renewable Natural Gas (RNG)
CategoryRenewable Natural Gas / Biomethane
Description

Renewable natural gas (biomethane) produced by capturing methane from landfill gas operations and upgrading it to pipeline-quality RNG for utilities, energy companies, and industrial customers, with LNG liquefaction capability at the Freeport LNG terminal for export to international buyers.

Scale indicator5 records

Each record includes

Type, Value, Description, Source

Partnership2 partners
Strategic tierMinorTypeImplementation/ SI/ Consulting PartnerAnnounced on2025-12-10
Description

Worley provides engineering services for Archaea Energy's renewable natural gas sites in the United States, supporting the development and operational maintenance of RNG production infrastructure.

Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2025-12-06
Description

Osaka Gas Trading and Export (OGTX), a subsidiary of Osaka Gas USA Corporation, signed an agreement to purchase approximately 26,000 Nm³ of biomethane from Archaea Energy. The biomethane is sourced from landfill gas at Archaea Energy's US production sites, liquefied at the Freeport LNG terminal on the Gulf Coast, and transported to Osaka Gas' LNG terminals in Japan's Kansai region for end-use by customers. This partnership supports Osaka Gas' long-term strategy to expand carbon-neutral energy supply chains as Japan accelerates its transition to low-carbon energy systems.

Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Montauk Renewables is a U.S.-based landfill-gas-to-RNG producer operating a multi-site portfolio; it directly competes with Archaea in capturing and upgrading landfill methane into pipeline-quality RNG for utilities and transportation customers.

TypeDirect peer
Description

WM's Renewable Energy segment operates landfill gas-to-energy projects and RNG facilities at its own U.S. landfills, overlapping directly with Archaea's core LFG-to-RNG business and accessing captive feedstock.

TypeDirect peer
Description

Vanguard Renewables is a U.S. anaerobic-digestion RNG developer producing renewable natural gas from farm and food waste; it competes with Archaea for renewable-gas offtake contracts and environmental-attribute revenue.

TypeDirect peer
Description

Brightmark develops and operates RNG projects from agricultural and organic waste, overlapping with Archaea in the U.S. biomethane production market and competing for utility and industrial offtake.

TypeDirect peer
Description

Clean Energy Fuels produces and distributes RNG (Redeem™) for the heavy-duty trucking market, overlapping with Archaea's RNG production infrastructure and competing for the same upstream biomethane supply.

TypeBroad incumbent
Description

Republic Services is a major U.S. solid-waste hauler that operates landfill gas-to-energy projects (including a prior joint venture with Archaea) and increasingly develops RNG, making it both a feedstock supplier and a competitor in the broader landfill RNG market.

TypeBroad incumbent
Description

Kinder Morgan operates the largest natural gas pipeline network in the U.S. and is investing in RNG infrastructure/interconnects, giving it a strong incumbent role in transporting and conditioning RNG that Archaea injects into the grid.

TypeBroad incumbent
Description

NextEra Energy Resources is a major renewable-energy developer with a broad portfolio including biomass and biogas generation; it overlaps with Archaea in supplying low-carbon energy to utilities and corporate off-takers.

TypeBroad incumbent
Description

Shell's renewables and bioenergy divisions invest in and trade biomethane globally; they compete with Archaea for international RNG offtake and environmental-attribute monetisation across European and Asian markets.

TypeOthers
Description

bp is the parent company and strategic capital provider, operating complementary low-carbon and LNG trading businesses globally; while not a direct competitor, it shapes Archaea's competitive positioning through capital allocation, the Freeport LNG export channel, and counterparties.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers1 record

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment2 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature3 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds2 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors6 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Archaea Energy

Renewable Natural Gas Productionarchaeaenergy.com

Archaea Energy is the largest US producer of renewable natural gas, converting landfill methane into biomethane for utilities, industrial customers, and international LNG export under long-term B2B supply agreements. It operates as a wholly-owned subsidiary of BP.

What Archaea Energy does

Archaea Energy is a renewable natural gas producer founded in 2018 and headquartered in Canonsburg, Pennsylvania. It operates as the largest producer of RNG (biomethane) in the United States, capturing methane emissions from landfill gas operations across multiple US sites and converting them into pipeline-quality biomethane. The company's core technology stack includes biogas upgrading via pressure swing adsorption and membrane separation, with downstream liquefaction capabilities accessed through the Freeport LNG terminal on the Gulf Coast for international export.

The company's primary product is renewable natural gas, sold under long-term supply agreements to utility, energy, and industrial customers. It has secured enterprise offtake agreements including a December 2025 biomethane supply agreement with Osaka Gas Trading and Export (OGTX) for export to Japan. Its go-to-market is exclusively B2B enterprise field sales targeting utilities and industrial energy consumers seeking low-carbon fuel to meet decarbonization mandates. Distribution is direct for domestic US customers and via LNG export channels for international buyers.

Archaea Energy was acquired by BP in 2022 for approximately $4.1 billion as part of BP's energy transition strategy, and now operates as a wholly-owned subsidiary. In early 2026, BP took a $3.5 billion write-down on Archaea as part of a broader $5.4 billion impairment of its renewable energy portfolio, signaling a strategic pivot back toward oil and gas under incoming leadership. Despite the write-down, Archaea remains an active operating business with continuing partnership and operational investments.

Archaea Energy firmographics

Firmographics
Name
Archaea Energy
Legal name
Archaea Energy
Website
https://archaeaenergy.com
Company type
Private
Founded year
2018
Operating status
Operating
Headcount range
251–500 employees
Short description
Archaea Energy is the largest US producer of renewable natural gas, converting landfill methane into biomethane for utilities, industrial customers, and international LNG export under long-term B2B supply agreements. It operates as a wholly-owned subsidiary of BP.
Ownership category
akta.pro rank

Archaea Energy industry classification

Industry
Product category
Renewable Natural Gas Production
NAICS
Industrial Gas Manufacturing (32512)
SIC
Crude Petroleum & Natural Gas (1311)
akta.pro primary industry
Landfill Gas (LFG) Collection & RNG Upgrading (EUAAAEAB)
akta.pro secondary industries
RNG Upgrading, Purification & Conditioning (Membranes, PSA, Amine, Cryogenic) (EUAAAEAD), Renewable Natural Gas (RNG) & Biomethane Trading (EUAGAGAI), Biogas/RNG Plant Operations, Maintenance & Asset Management (EUAAAEAI)

Keywords

  • Renewable natural gas
  • Landfill gas capture
  • Biomethane production
  • Carbon-neutral fuel
  • Methane emissions reduction

Where Archaea Energy is headquartered

Location

Headquarters

HQ city
Canonsburg
HQ country
United States
HQ region
North America

Offices4 records

Markets served

Archaea Energy business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Operations, Infrastructure, Supply Chain, Technology or R&D, Personnel

Revenue model

  1. Renewable Natural Gas Sales: Archaea Energy generates revenue by producing and selling renewable natural gas (biomethane) extracted from landfill gas. The company operates production sites across the United States and sells RNG under long-term supply agreements to utilities, energy companies, and industrial customers domestically and for export.

Go-to-market motion1 record

Distribution channels1 record

Archaea Energy product offering

Product offering

Core offering

Archaea Energy develops and operates renewable natural gas (RNG) production assets that capture methane from landfill gas at multiple U.S. sites and convert it into pipeline-quality biomethane. The company is the largest RNG producer in the United States and sells output to utilities, energy companies, and industrial customers domestically, while also liquefying biomethane at the Freeport LNG terminal for export to international buyers such as Osaka Gas.

Product overview

Archaea Energy operates as a single-product renewable natural gas (RNG) producer, converting landfill gas into RNG at multiple US production sites. The company is a bp-owned subsidiary and represents the largest RNG production operation in the United States, with a vertically integrated approach from gas capture at landfills through liquefaction and distribution.

Differentiator

Problem solved

Functional benefit

Products and services

  • Renewable Natural Gas (RNG) Renewable natural gas (biomethane) produced by capturing methane from landfill gas operations and upgrading it to pipeline-quality RNG for utilities, energy companies, and industrial customers, with LNG liquefaction capability at the Freeport LNG terminal for export to international buyers.

Quantifiable outcome

  • Archaea Energy produces RNG at scale from multiple US landfill sites, enabling carbon-neutral energy supply to customers like Osaka Gas importing 26,000 Nm³ of biomethane

Companies that use Archaea Energy

Customer profile

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Archaea Energy technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature3 records

Archaea Energy partnerships and signals

Strategic signal

Partnerships

Two partnerships are on record, tiered minor and core.

  • WorleyminorImplementation/ SI/ Consulting Partner · 10 December 2025Worley provides engineering services for Archaea Energy's renewable natural gas sites in the United States, supporting the development and operational maintenance of RNG production infrastructure.
  • Osaka Gas Trading and Export (OGTX)coreStrategic or Co-development Partner · 6 December 2025Osaka Gas Trading and Export (OGTX), a subsidiary of Osaka Gas USA Corporation, signed an agreement to purchase approximately 26,000 Nm³ of biomethane from Archaea Energy. The biomethane is sourced from landfill gas at Archaea Energy's US production sites, liquefied at the Freeport LNG terminal on the Gulf Coast, and transported to Osaka Gas' LNG terminals in Japan's Kansai region for end-use by customers. This partnership supports Osaka Gas' long-term strategy to expand carbon-neutral energy supply chains as Japan accelerates its transition to low-carbon energy systems.

Scale indicators5 records

Recent moves5 records

Expansion highlights4 records

Archaea Energy competitors and assessment

Company assessment

Direct peers

  • Montauk Renewables: Montauk Renewables is a U.S.-based landfill-gas-to-RNG producer operating a multi-site portfolio; it directly competes with Archaea in capturing and upgrading landfill methane into pipeline-quality RNG for utilities and transportation customers.
  • WM (Waste Management) Renewable Energy: WM's Renewable Energy segment operates landfill gas-to-energy projects and RNG facilities at its own U.S. landfills, overlapping directly with Archaea's core LFG-to-RNG business and accessing captive feedstock.
  • Vanguard Renewables: Vanguard Renewables is a U.S. anaerobic-digestion RNG developer producing renewable natural gas from farm and food waste; it competes with Archaea for renewable-gas offtake contracts and environmental-attribute revenue.
  • Brightmark RNG: Brightmark develops and operates RNG projects from agricultural and organic waste, overlapping with Archaea in the U.S. biomethane production market and competing for utility and industrial offtake.
  • Clean Energy Fuels: Clean Energy Fuels produces and distributes RNG (Redeem™) for the heavy-duty trucking market, overlapping with Archaea's RNG production infrastructure and competing for the same upstream biomethane supply.

Broad incumbents

  • Republic Services: Republic Services is a major U.S. solid-waste hauler that operates landfill gas-to-energy projects (including a prior joint venture with Archaea) and increasingly develops RNG, making it both a feedstock supplier and a competitor in the broader landfill RNG market.
  • Kinder Morgan: Kinder Morgan operates the largest natural gas pipeline network in the U.S. and is investing in RNG infrastructure/interconnects, giving it a strong incumbent role in transporting and conditioning RNG that Archaea injects into the grid.
  • NextEra Energy Resources: NextEra Energy Resources is a major renewable-energy developer with a broad portfolio including biomass and biogas generation; it overlaps with Archaea in supplying low-carbon energy to utilities and corporate off-takers.
  • Shell (Renewables & Energy Solutions): Shell's renewables and bioenergy divisions invest in and trade biomethane globally; they compete with Archaea for international RNG offtake and environmental-attribute monetisation across European and Asian markets.

Others

  • BP (parent): bp is the parent company and strategic capital provider, operating complementary low-carbon and LNG trading businesses globally; while not a direct competitor, it shapes Archaea's competitive positioning through capital allocation, the Freeport LNG export channel, and counterparties.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Archaea Energy social profiles

Digital presence

Archaea Energy financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Archaea Energy leadership team

Management profile

Number of profiles

Profiles1 record

Archaea Energy funding detail

Funding detail

Funding overview

Funding rounds2 records

Investors6 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Archaea Energy M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Archaea Energy

What does Archaea Energy do?

Archaea Energy develops and operates renewable natural gas (RNG) production assets that capture methane from landfill gas at multiple U.S. sites and convert it into pipeline-quality biomethane. The company is the largest RNG producer in the United States and sells output to utilities, energy companies, and industrial customers domestically, while also liquefying biomethane at the Freeport LNG terminal for export to international buyers such as Osaka Gas.

Is Archaea Energy a public or private company?

Archaea Energy is a private company. It is classified as corporate owned and is currently operating.

When was Archaea Energy founded?

Archaea Energy was founded in 2018. It employs 251 to 500 people.

Where is Archaea Energy based?

Archaea Energy is headquartered in Canonsburg, United States, in the North America region.

How does Archaea Energy make money?

One revenue line is on record: renewable Natural Gas Sales.

Who are Archaea Energy's main competitors?

Direct peers on record are Montauk Renewables, WM (Waste Management) Renewable Energy, Vanguard Renewables, Brightmark RNG and Clean Energy Fuels. Broad incumbents are Republic Services, Kinder Morgan, NextEra Energy Resources and Shell (Renewables & Energy Solutions). BP (parent) is listed as an others.

Does Archaea Energy have an API?

No public API is recorded for Archaea Energy.

What industry is Archaea Energy in?

Archaea Energy's product category is Renewable Natural Gas Production. Its primary akta.pro industry code is EUAAAEAB, Landfill Gas (LFG) Collection & RNG Upgrading, with a secondary code of EUAAAEAD, RNG Upgrading, Purification & Conditioning (Membranes, PSA, Amine, Cryogenic). Its NAICS code is 32512 and its SIC code is 1311.

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Live signals
Renewable Energy MagazineBP to Sell US Biogas Unit, Archaea EnergyBP announced it will sell Archaea Energy, its landfill-to-renewable-gas unit, as part of a restructuring ordered by CEO Meg O'Neill. The company's underlying replacement cost profit rose to $5.73 billion in Q2, but O'Neill said it was not sufficient. No buyer or timetable was disclosed.OilPrice.comBP’s New Boss Has a Message for BritainBP CEO Meg O'Neill announced a strategic pivot away from the clean energy transition pursued by her predecessor Bernard Looney, including divesting the Archaea biogas business acquired for $4bn and exiting UK North Sea operations due to unfavorable fiscal conditions. O'Neill also delivered a direct message to the Prime Minister advocating for domestic fossil fuel production, noting the UK still relies on fossil fuels for 75% of its energy needs. The shift marks a significant recalibration of BP's stated purpose from climate leadership back to traditional oil and gas operations.International Business TimesBP Is Selling Another Green Energy Business. Strong Oil Prices Help Drive Best Profit Since 2022BP is selling its U.S. biogas business Archaea Energy as part of a strategic portfolio reset under new CEO Meg O'Neill, while reporting its strongest quarterly profit since 2022 with underlying replacement cost profit of $5.7 billion in Q2, beating analyst expectations of around $5.1 billion. The sale marks another step in BP's strategy to divest underperforming assets, following earlier exits from its U.K. North Sea business, Austrian retail fuel network, and Canada's Bay du Nord offshore project. The company also recorded another impairment on low-carbon operations and expects to reduce net debt below $18 billion by year-end, reaching that target roughly a year ahead of schedule.CityAMWhat Burnham could learn from BP’s pragmatismBP CEO Meg O'Neill is reversing the company's previous green energy strategy, announcing exits from the UK North Sea and the sale of Archaea, the US biogas business acquired for $4bn under former CEO Bernard Looney. The company cited unfavorable fiscal regimes, high taxes, and unprofitable green investments as reasons for the pivot back toward core oil and gas operations. The article uses BP's pragmatic shift as a case study, suggesting Greater Manchester Mayor Andy Burnham should adopt a similar practical approach to energy policy.Evening StandardBP profits soar to four-year high after boost from Iran warBP reported a 78% surge in underlying replacement cost profit to $5.7 billion for Q2 2026, boosted by rising energy prices during the Iran war. New boss Meg O'Neill said she is selling off its US biogas business Archaea and other non-core assets. The move follows criticism from campaigners over profiteering from the energy crisis.Financial PostBP CEO Says It's 'Prudent' to Stop Calling Company a SupermajorBP CEO Meg O'Neill said the company should stop positioning itself as an oil supermajor and instead focus on competing within its own "weight class," marking a significant strategic shift for the company. She stated BP needs to concentrate investment in its strongest businesses rather than maintaining a global footprint like larger rivals ExxonMobil, Shell, Chevron, and TotalEnergies. Since taking the helm in April as BP's first outsider CEO, O'Neill has accelerated asset sales, including recently announcing the sale of BP's UK North Sea business and US biogas producer Archaea Energy.MorningstarBP's Oil Profits Surge and Fossil-Fuel Pivot Continues With Plan to Offload U.S. Biogas Unit — 2nd UpdateBP reported a surge in second-quarter profits to $5.73 billion, up from $3.2 billion in the first quarter, driven by strong oil trading performance and higher energy prices amid the Middle East conflict. The British oil major announced plans to sell its U.S. biogas business Archaea, which it acquired for $4.1 billion in 2022 and has since significantly written down, continuing its strategic pivot back to fossil fuels under new CEO Meg O'Neill. The company booked a $680 million impairment in its gas and low-carbon businesses and also plans to sell its U.K. North Sea oil and gas business as part of the portfolio review.Transport TopicsBP to sell biogas unit Archaea as CEO steps up turnaroundBP Plc announced the sale of its U.S. biogas unit Archaea Energy and is marketing U.K. North Sea assets as part of CEO Meg O'Neill's strategy to simplify the portfolio and reduce net debt to $14–$18 billion by year-end. The move follows strong second-quarter earnings, with adjusted net income doubling to $5.73 billion, driven by refining and trading gains amid Middle East market volatility.Simply Wall StBP (LSE:BP.) Launches Archaea Sale As Trading And Refining Lift ProfitBP reported a Q2 2026 profit surge with net income rising to US$3,911 million from US$1,629 million a year earlier, driven by oil trading and refining activity amid geopolitical volatility linked to the Iran war. The company has launched a sale process for its Archaea Energy renewable natural gas business and is simultaneously marketing its North Sea business and solar arm Lightsource. These moves signal a strategic shift toward simplifying BP's portfolio around core upstream oil and gas, refining, and trading operations, moving away from the renewables expansion that was previously a priority.MorningstarBP's Oil Profits Surge as Fossil Fuel Pivot Continues With Plan to Offload U.S. Biogas Unit — UpdateBP reported second-quarter underlying replacement cost profit of $5.73 billion, surging from $3.2 billion in the first quarter, driven by strong oil trading performance and higher energy prices amid the ongoing U.S.-Iran geopolitical conflict. The British oil major is pivoting back to fossil fuels under new CEO Meg O'Neill, putting its U.S. biogas unit Archaea up for sale and planning to divest its U.K. North Sea oil and gas business, targeting $20 billion in asset sales by the end of 2027. The Middle East conflict, including U.S. and Israeli attacks on Iran, has boosted oil and gas prices and refining margins, creating favourable conditions for oil majors.