BP said it would increase annual oil and gas spending to $10 billion and cut planned annual investment in energy transition businesses by more than $5 billion.
British energy company BP confirmed Wednesday that it would slash spending on green ventures and increase its oil and gas ...
The energy giant said it would cut planned investment in clean energy and redirect spending toward fossil fuels.
The FTSE 100 index closed up 62.79 points, 0.7%, at 8,731.46. The FTSE 250 ended up 147.62 points, 0.7%, at 20,595.90, while the AIM All-Share closed up 3.44 points, 0.5%, at 711.50.
BP today unveiled a massive strategy U-turn with a new emphasis on oil and gas investment and a massive downgrade of its ...
BP's chief executive did something very unusual for the boss of an oil and gas company; he pledged to produce less oil and ...
BP announced on Wednesday that it would increase its annual oil and natural gas investment by $10 billion. This will return ...
"It's a radical shift," Chief Executive Murray Auchincloss said in an interview. BP would focus on pumping more oil in the U.S., where the company is a big offshore producer, and in Middle Eastern ...
Oil and gas giant BP wants to sell stake in Lightsource BP just four months after completing full takeover of the renewables ...
The move follows pressure from some investors to boost profits at the firm, but has also angered environmental groups.
BP announced Wednesday that it will increase annual investments in oil and gas to $10 billion through 2027, marking a ...
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