Exclusive-BP drops oil output reduction target in strategy reset, sources say
By Ron Bousso LONDON (Reuters) -BP has abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scales back the firm's energy transition strategy to regain investor confidence, three sources with knowledge of the matter said.
BP drops target to cut oil and gas output by 2030, eyeing investments in multiple Middle East projects: Report
BP has dropped its target to cut oil and gas production by 2030 and is eyeing multiple investments in Middle East projects, Reuters reported on Monday.
BP set to axe 2030 target for oil and gas output cuts
The oil supermajor's chief executive, Murray Auchincloss, is looking to win back confidence among investors concerned about the firm's share price shrinking amid moderating energy prices.
BP drops target for cut in oil output in strategy reset: sources
STORY: BP has abandoned a target to cut oil and gas output by 2030.Three sources told Reuters of the new approach.They said CEO Murray Auchincloss is scaling back the firm's energy transition strategy to regain confidence from investors.
BP drops goal to reduce oil and gas output
When unveiled in 2020, BP's strategy was the sector's most ambitious with a pledge to cut output by 40% while rapidly growing renewables by 2030.
Anger over ‘BP abandoning goal to cut oil output’; German factory orders slide – business live
BP CEO Murray Auchincloss has dropped a target to cut oil and gas output by 2030, reports Reuters. BP’s CEO Murray Auchincloss may hope to close the valuation gap with its rivals in the energy industry by watering down its commitment to sustainability goals.
BP Abandoning Oil, Gas Output Cut Target, Report Says
KEY TAKEAWAYS BP reportedly has given up on its goal to cut oil and gas output by 2030, as the British energy giant's chief executive seeks to build back investor confidence in the company.According to Reuters,
Exclusive: BP drops oil output target in strategy reset, sources say
BP has abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scales back the firm's energy transition strategy to regain investor confidence, three sources with knowledge of the matter said.
Energy Giant Puts Goal To Drastically Cut Oil, Gas Production On Ice
European energy company BP has abandoned its pledge to cut oil and gas production by 2030 as the firm aims to shore up investor confidence amid a slide in its share price, Reuters reported Monday. BP unveiled plans in August 2020 to reduce its oil and gas output 40% by 2030,
BP to walk back oil and gas production output cuts
Oil and gas giant BP has reportedly dropped its goals for cutting oil and gas output by 2040 as it shifts away from an ambitious clean energy strategy in light of sustained global demand for fossil fuels.
Crude Oil Prices14h
BP Ditches Goal to Cut Oil and Gas Production by 2030
BP is abandoning its target to reduce oil and gas production by 2030 and increasing investments in fossil fuels to boost ...
Equinor, Aker BP, Vaar face rising project costs, Norway budget shows
Equinor , Aker BP and Vaar Energi have raised their cost estimates for major oil and gas development projects on the ...
30% Gains Left For BP Stock?
BP has disclosed plans to implement an additional $3.5 billion share buyback program for the second half of 2024, ...
Upstream20h
BP and ExxonMobil discuss exploration plans with Egypt's top petroleum official
BP chief executive, Murray Auchincloss, and John Ardill, ExxonMobil’s head of global exploration, hold talks in London with ...
Person falls from scaffolding at BP refinery in Whiting, sources say
An incident resulted in an injury at the Whiting Refinery and an investigation is underway, BP said in a statement Saturday.
abc133d
14 years after BP oil spill, Galveston scientists are striving to save the Gulf's deep-sea coral
In 2010, 134 million gallons of oil spilled into the Gulf of Mexico, damaging an environmental habitat area larger than the ...
BP falls Thursday, underperforms market
BP PLC BP shares slid 4.10% to £3.84 Thursday, on what proved to be an all-around positive trading session for the stock ...
Goldman Sachs Sticks to Its Buy Rating for BP p.l.c. (BP)
In a report released today, Michele Della Vigna from Goldman Sachs maintained a Buy rating on BP p.l.c. (BP – Research Report), with a ...
BP said to eye raising oil production as it scales back clean energy strategy
BP (NYSE:BP) is scaling back its energy transition strategy and will drop its ambitious target of cutting oil and gas ...