bp - Search News

BP to drop renewable energy goals in favor of fossil fuels

Report: BP to drop renewable energy goals in favor of fossil fuels

BP CEO Murray Auchincloss is announcing plans to ditch the company's goal of growing renewable generation capacity 20-fold by 2030 and instead return focus to fossil fuels, Reuters reports. The goal measured growth from 2019 figures.

Reuters · 1d

Exclusive: BP to ditch renewables goals and return focus to fossil fuels

BP's chief executive will scrap a target to increase renewable generation 20-fold by 2030, returning the focus to fossil fuels, as part of a strategy shift announced on Wednesday to tackle investor concerns over earnings,

Business Insider · 1d

BP Will Reportedly Cut Renewable Energy Goals Amid Market & Investor Pressure

A new report claims BP (BP) has lost interest in renewable energy as it refocuses on its fossil fuel business. Insider sources told Reuters the

Fast Company · 1d

BP to drop renewables goals and shift focus back to fossil fuels

BP CEO Murray Auchincloss will tell investors the company is abandoning its target to grow renewable generation capacity 20-fold between 2019 and 2030 to 50 gigawatts.

Iraq, BP agree to develop 4 Kirkuk fields

Reuters · 10h

Iraq, BP agree to develop four Kirkuk fields, Iraqi state news reports

Iraq and oil major BP signed a deal to redevelop four Kirkuk oil and gas fields, Iraq's state news agency reported on Tuesday.

bnnbloomberg · 7h

BP Finalizes Agreement With Iraq to Revive Kirkuk Oil Fields

BP Plc finalized an agreement with the government of Iraq to redevelop the giant Kirkuk oil fields, signaling a return to the company’s Middle Eastern routes.

rudaw · 7h

BP finalizes deal with Iraq to rehabilitate Kirkuk fields

British energy giant BP signed an agreement with the Iraqi government on Tuesday to rehabilitate four oil and gas fields in Kirkuk province, just weeks after reaching an initial deal.

BP to Prepare Lubricants Sale, Ditch Plan to Cut Oil Output in Strategy Review

BP Plc is set to announce a potential sale of its lubricants business and abandon plans to cut oil and gas output as it ...

11h

BP: New Bullish Catalyst In Play

BP's current price/earnings ratio is attractive, and activist involvement could unlock further value. See why I rate BP stock ...

BP slated to sell lubricants unit, drop plans to cut oil output, Bloomberg says

BP (BP) is slated to announced a possible sale of its lubricants unit and drop plans to lower oil and gas output as it begins to shift away ...

Click2Houston2h

BP America surprises local first responders with Braid Paisley tickets at RODEOHOUSTON

The Houston Livestock Show and Rodeo kicks of next week and on March 10 it is First Responders Day at RODEOHOUSTON sponsored ...

Crude Oil Prices14h

BP Set to Scrap Oil and Gas Production Cuts

BP is set to announce it will abandon its plans to reduce oil and gas production, bowing to investor pressure and a shift in strategic focus.

Upstream1d

‘Line in the sand’ or ‘more of the same’: What's in store at upcoming BP capital markets event

Will chief executive Murray Auchincloss be able to deliver a ‘fundamental change’ in strategy at key investor meeting to ...

TCTMD5h

February 2025 Dispatch for the CV Team

This month: smelling skills predict stroke risk, insights from LGBTQ+ clinicians, BP screening in public spaces, and more.

18hOpinion

BP Has a Final Chance to Return to Big Payouts

I warned that the company was on borrowed time. An investor revolt could ensue if the board doesn’t change direction — fast.

Some results have been hidden because they may be inaccessible to you

Show inaccessible results

BP to drop renewable energy goals in favor of fossil fuels

Iraq, BP agree to develop 4 Kirkuk fields

Related topics