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

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.

The BBC reported BP with its pivot hopes to increase production to between 2.3 million and 2.5 million barrels of oil per day by 2030. The Brazil find also comes at the same time BP announced that it started its Argos Southwest Expansion in the Gulf of Mexico. With Argos, BP is adding 20,000 barrels of oil equivalent per day.