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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.
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 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.
Crude Oil Prices
17h
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 ...
16h
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 ...
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 ...
Crude Oil Prices
1d
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 ...
thelondoneconomic.com
2d
BP extracted over £15bn worth of Iraqi oil after British invasion
BP's oil operations in Iraq have created 262 million barrels of oil representing £15.4 billion since 2011, it has been ...
18m
on MSN
Oil and conflict: Fuelling Israel’s ongoing military actions in Gaza
A new study commissioned by the non-profit Oil Change International (OCI) has exposed that the ongoing supply of oil is ...
The New Republic on MSN
22h
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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