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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.
BP abandons oil and gas pledge as it prepares to target Middle East
BP has reportedly abandoned its target to cut oil and gas production by 2030 as its new chief executive scales back a switch to green energy to boost its share price. Murray Auchincloss, who took over from Bernard Looney in January,
In Depth
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.
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.
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 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 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 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 production by 2030, with plans to raise its output instead, sources with knowledge of the matter told Reuters.
1d
on MSN
BP shifts gears, scales back renewables to regain investor trust: report
BP has scrapped its commitment to cut oil and gas production as CEO Murray Auchincloss shifts the focus back to traditional ...
Zacks.com on MSN
9h
BP Ditches 2030 Oil Output Cut in Shift Back to Hydrocarbons
BP abandons its ambitious target to reduce oil and gas production by 2030, refocusing on boosting hydrocarbon output and ...
oilandgasmiddleeast
14h
bp abandons 2030 oil output cut as CEO scales back energy transition
Middle East and the Gulf of Mexico to boost its oil and gas production. bp abandons 2030 oil output cut as CEO scales back ...
12d
Anant Ambani, Murray Auchincloss inaugurate Jio-bp's 500th EV charging station at Jio World Centre in Mumbai
The new charging station will serve the Nita Mukesh Ambani Cultural Centre, Jio World Plaza, and Jio World Convention Centre, ...
Upstream
1d
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 ...
13d
BP sees growing opportunities in India: CEO Murray Auchincloss
BP's global CEO Murray Auchincloss highlighted growing business opportunities in India, citing their partnership with ...
cnbctv18
12d
Jio-bp hits 5,000 EV chargers as Anant Ambani and Murray Auchincloss unveil 500th station at Mumbai’s BKC
Anant Ambani and Murray Auchincloss inaugurated Jio-bp’s 500th EV-charging station in Mumbai, marking the installation of ...
Republic Business on MSN
12d
Reliance Industries director Anant Ambani and bp CEO Murray Auchincloss open Jio-bp's 500th EV-charging station
Anant Mukesh Ambani, Director, Reliance Industries Limited (RIL) and
Murray
Auchincloss
, CEO, bp, on Thursday inaugurated ...
4d
Anant Ambani, Murray Auchincloss open Jio-bp's 500th EV-charging station
Reliance Industries Limited (RIL) director Anant Mukesh Ambani and BP CEO Murray Auchincloss inaugurated the 500th Jio-bp ...
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