Amid a pivot back to its fossil fuel roots and away from renewable energy, Britain's BP said it had made its largest oil and gas discovery in 25 years.

BP is seeking to bolster oil and gas in its portfolio to regain investor confidence and revive underperforming shares.

BP reported its most important oil and gas discovery in more than 20 years, an offshore find in Brazil that could change the course of the company’s strategy. The Santos Basin Bumerangue is the biggest strike the company has made since Shah Deniz in 1999 landmark that could rekindle investor confidence as BP steps away from recent hegemonic green