BP boosts fossil fuel spending to $10 billion, sets $20 billion divestment target
BP said on Wednesday it would increase annual oil and gas investment to $10 billion, returning the focus to fossil fuels, as part of CEO Murray Auchincloss' efforts to boost returns and improve financial performance.
BP takes the axe to investment in green energy in "shocking" strategy U-turn - Rethink comes five years after BP set ...
BP shares fell about 1% in morning trading in London. Auchincloss is set to lay out further details of his plan to revive the ...
BP Plc announced a major pivot back to its core oil and gas business and promised to sell assets and reduce spending, but ...
Chief executive Murray Auchincloss said the company is focusing its spending on BP’s “highest-returning businesses to drive ...
Chief executive Murray Auchincloss has succumbed to pressure from shareholders to reduce BP' exposure to the lower margin ...
British oil major BP on Wednesday announced plans to increase annual oil and gas investment to $10 billion as part of a ...
BP has confirmed it will slash spending on net zero transition businesses by £3.95bn a year and significantly ramp up its oil ...
Oil and gas giant BP has again slashed its renewable energy investment and announced more funding for fossil fuel production.
BP Plc’s “fundamental reset” on Wednesday is the most highly anticipated strategy shift for an oil major in several years.
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