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BP drops target for cut in oil output in strategy reset

Why BP’s Elimination Of 2030 Oil Reduction Target Is No Real Surprise

BP said Monday it will drop a pledge to cut its oil production 25% by 2030. Critics slammed the move, but should not be surprised by it.

Exclusive: BP abandons goal to cut oil output, resets strategy

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.

YAHOO!Finance · 1d

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.

1don MSN

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 ...

Crude Oil Prices9h

Oil Prices Under Pressure as Supply Disruptions Fail to Materialize

Oil prices tumbled early on Tuesday morning, with geopolitical risk failing to translate into a significant supply disruption ...

BP ditches key energy transition pledge as green shift blurs: report

CEO Auchincloss said to be preparing February launch for updated strategy, but offshore wind chief stresses oil giant's 10GW ...

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Arbitration rules in favour of BP as sole buyer of Kosmos Energy's Senegal LNG project

Kosmos Energy said on Tuesday a Paris-based arbitrator has ruled in favour of BP , prohibiting Kosmos from selling to third ...

Crude Oil Prices1d

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 ...

2d

Oil’s Security Premium Could Rise, But Is Unlikely To Persist

An attack on Iranian oil fields would raise oil prices, but overall, the odds are for a return to the lower levels of ...

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ExxonMobil's Profits Are About to Fall. Is the Oil Stock Still a Buy?

ExxonMobil (NYSE: XOM) recently gave investors a sneak peek into its upcoming third-quarter earnings report. The oil giant ...

The New Republic on MSN14h

Emails Reveal BP Gave $550,000 to Group Fighting Climate Lawsuits

The Manufacturer's Accountability Project is ubiquitous fighting cities' and states' suits against oil companies. Now, it's ...

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