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European oil giants face numerous challenges in their transformation and are reducing their Electrical Utilities businesses.
① BP PLC and Shell, two European oil companies, recently announced a reduction in their investments and business layout in the Electrical Utilities Industry; ② High inflation, high interest rates, supply chain disruptions, and changing investor attitudes in Europe have caused Energy companies' transformation costs to exceed expectations; ③ Other European oil companies are also readjusting their Global Strategy for the Electrical Utilities business.
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