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BP to cut renewable energy targets

How energy giant BP went from eco poster child to possible takeover target

In an industry where timing is everything, BP made the right bet at the wrong time,” says one professor who has studied its strategy.

Washington Examiner on MSN · 2d

BP to ditch renewable energy targets in effort to boost earnings

British oil giant BP reportedly will announce plans to abandon its renewable generation goals this week in an effort to boost earnings. BP CEO Murray Auchincloss will tell investors at the company’s capital market day on Wednesday that it will ditch its target to grow renewable generation capacity 20-fold by 2030 and instead refocus on

GlobalData on MSN · 1d

BP to cut renewable energy targets and focus on fossil fuels

BP is set to announce at the capital markets day that it is scaling back its 2030 renewables goal to 50GW instead of a 20-fold increase.

Iraq, BP agree to develop 4 Kirkuk fields

Hosted on MSN · 49m

Kirkuk deal is BP’s 'most important' in 20 years, CEO Auchincloss says

BP's (NYSE:BP) deal to redevelop oil and gas fields in Iraq's Kirkuk region eventually will be viewed as of the company's most important transactions in 20 years, CEO Murray Auchincloss said Wednesday during the launch of its anticipated strategic reset.

Reuters · 1d

Iraq, BP agree to develop four Kirkuk fields

Iraq and oil major BP have signed a deal to redevelop four Kirkuk oil and gas fields, BP said on Tuesday, a breakthrough for Iraq, where output has been constrained by years of war, corruption and sectarian tensions.

Bloomberg L.P. · 1d

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, a deal that signals a return to the company’s Middle Eastern routes and should help to bolster production from the OPEC member.

BP to Slash Spending on Net Zero Ventures

The New York Times · 4h

BP to Focus More on Oil and Gas in Strategy ‘Reset’

The energy giant said it would cut planned investment in clean energy and redirect spending toward fossil fuels.

The Associated Press - Busines… · 7h

BP to slash spending on net zero ventures as it focuses on oil and gas again

British energy company BP has confirmed it is to slash spending on green ventures and up its oil and gas production.

BBC on MSN · 10h

BP shuns renewables in return to oil and gas

BP said it would increase its investments in oil and gas by about 20% to $10bn (£7.9bn) a year, while decreasing previously planned renewables funding by more than $5bn (£3.9bn).

6hon MSN

BP announces boost in oil, gas production after falling profits

Petroleum giant BP said on Wednesday that it plans to boost its annual oil and gas spending to $10 billion through 2027 as ...

12h

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 ...

11h

BP Refocuses on Oil Amid Elliott Pressure, But Cuts Buybacks

BP Plc announced a major pivot back to its core oil and gas business and promised to sell assets and reduce spending, but ...

The Sun21h

BP DITCHES green targets and makes screeching U-turn back to oil & gas after ‘misplaced’ Net Zero shift

ENERGY giant BP has axed its green targets and shifted back to oil and gas — admitting that its move to Net Zero was “misplaced”. The firm has scaled back investment in renewable projects by 70 per ...

5hon MSN

BP takes the axe to investment in green energy in "shocking" strategy U-turn

BP today unveiled a massive strategy U-turn with a new emphasis on oil and gas investment and a massive downgrade of its ...

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 ...

The National Business Review1h

Zelensky to sign US minerals deal; BP cuts renewables spend

The National Business Review Online is New Zealand's authority in breaking business news and analysis.

Upstream4h

‘Misplaced optimism’: BP got it wrong over energy transition, says CEO

BP executives admit they went 'too far, too fast' chasing low carbon investments, but will investors swallow new plan?

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BP to cut renewable energy targets

Iraq, BP agree to develop 4 Kirkuk fields

BP to Slash Spending on Net Zero Ventures

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