Sky19d
BP slashes renewables investment and boosts fossil fuel production
Oil and gas giant BP has again slashed its renewable energy investment and announced more funding for greater fossil fuel production. In a further row back of climate targets the company has said ...
Euronews19d
BP scraps renewables target, returns to oil and gas in strategy reset
BP will boost investment in oil and gas while walking back a push for more renewable output, the British oil and gas multinational announced on Wednesday. The firm said it would increase oil and ...
CNN19d
BP cuts investment in clean energy and boosts oil and gas in major strategy shift
Under Auchincloss’ predecessor, Bernard Looney, BP pledged in 2020 to cut oil and gas output by 40% while rapidly growing renewables by 2030. BP lowered the reduction target to 25% in 2023.
FXStreet19d
BP fails to impress the market, as Fed rate cuts get priced back in
BP has released what it calls its reset, with a renewed focus on oil and gas, reallocated capital and more cost cutting. All of this is aimed at driving shareholder returns in the long term.
Upstream19d
‘Line in the sand’ or ‘more of the same’: What's in store at upcoming BP capital markets event
A potentially momentous chapter in the history of UK oil and gas supermajor BP could be written this week. As investors arrive in London, or tune in online, for BP’s capital markets day on ...
Investing19d
bp announces strategic reset to boost cash flow and shareholder value
LONDON - BP (NYSE:BP) Plc has unveiled a significant strategic shift, aiming to enhance cash flow and shareholder returns by reallocating capital expenditure, increasing cost efficiency ...
ABC News19d
BP to slash spending on net zero ventures as it focuses on oil and gas again
British energy company BP has confirmed it is to slash spending on green ventures and up its oil and gas production LONDON -- British energy company BP confirmed Wednesday that it would slash ...
philstar.com19d
Grand slam hopes for TNT
It’s too early to dream of a Grand Slam but for TNT as the only PBA team with the chance for a three-peat, conjuring visions of achieving the milestone feat is a huge motivator. The Tropa bagged ...
Al Jazeera English19d
BP drops climate targets in pivot back to oil and gas
Oil major BP says it has slashed planned investment in renewable energy and would increase annual oil and gas spending to $10bn. It is the latest multinational in the energy sector to change its ...
BBC19d
BP shareholders want it to make money, not climate policy
It was more than 20 years ago that the then boss of BP reframed those famous initials as "Beyond Petroleum". It was the first tentative step in transforming the company from an oil and gas ...
pv magazine International19d
BP slashes renewables investment, seeks new Lightsource BP partner
BP is slashing its investment in energy transition activities and seeking a new partner for Lightsource BP, the renewables developer fully owned by the oil and gas giant. The change in strategy ...