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BP said to eye raising oil production
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 to walk back oil and gas production output cuts
Oil and gas giant BP has reportedly dropped its goals for cutting oil and gas output by 2040 as it shifts away from an ambitious clean energy strategy in light of sustained global demand for fossil fuels.
BP said to eye raising oil production as it scales back clean energy strategy
BP (NYSE:BP) is scaling back its energy transition strategy and will drop its ambitious target of cutting oil and gas production by 2030, with plans to raise its output instead, sources with knowledge of the matter told Reuters.
19h
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 ...
18h
on MSN
BP abandons oil and gas pledge as it prepares to target Middle East
BP has reportedly abandoned its target to cut oil and gas production by 2030 as its new chief executive scales back a switch ...
LIVE
13h
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 ...
9h
US 10-year yield tops 4%, stocks fall, as Fed rate cut expectations ease
A gauge of global stocks declined on Monday and U.S. Treasury yields climbed, with the benchmark 10-year note topping 4%, as ...
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