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BP drops target for cut in oil output in strategy reset
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 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,
BP abandons target to cut oil production
Oil and gas major BP is to drop its target to cut production by 2030, the Times reports, saying that the firm is “battl [ing] to close a valuation gap with rivals in the energy industry”. It explains that in 2020,
New Republic
31m
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 ...
18h
on MSN
Anger over ‘BP abandoning goal to cut oil output’; 2,000 jobs saved, 1,000 lost, after TGI Fridays sale – as it happened
Use precise geolocation data and actively scan device characteristics for identification. This is done to store and access ...
18h
BP rises Monday, outperforms market
BP PLC BP shares advanced 1.26% to £4.22 Monday, on what proved to be an all-around favorable trading session for the stock ...
10d
30% Gains Left For BP Stock?
BP has disclosed plans to implement an additional $3.5 billion share buyback program for the second half of 2024, ...
1d
on MSN
Equinor, Aker BP, Vaar face rising project costs, Norway budget shows
Equinor , Aker BP and Vaar Energi have raised their cost estimates for major oil and gas development projects on the ...
21h
BP Launches Earnify App To Reward Fueling And Shopping With Loyalty Program
British energy major BP plc (BP, BP.L) announced Monday the launch of earnify, a cutting-edge app designed to revolutionize the ...
Convenience Store News
18h
bp Introduces earnify App
bp is offering exclusive introductory benefits to celebrate the launch of the earnify app, it said. For the first 90 days, ...
Digital Transactions
1d
How BP Hopes to Boost User Touch Points With Its New Loyalty App
Oil and gas giant
BP
plc early Monday launched a loyalty app called earnify, which enables
BP
customers to earn rewards ...
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