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 part of CEO Murray Auchincloss' efforts to boost returns and improve financial performance.
BP takes the axe to investment in green energy in "shocking" strategy U-turn - Rethink comes five years after BP set ...
BP shares fell about 1% in morning trading in London. Auchincloss is set to lay out further details of his plan to revive the ...
Embattled oil major BP on Wednesday unveiled what it billed as a strategic reset, planning to increase oil and gas investment ...
BP Plc announced a major pivot back to its core oil and gas business and promised to sell assets and reduce spending, but ...
Chief executive Murray Auchincloss has succumbed to pressure from shareholders to reduce BP' exposure to the lower margin ...
British oil major BP on Wednesday announced plans to increase annual oil and gas investment to $10 billion as part of a ...
The fossil fuels giant said it would increase oil and gas investment by about 20% to £7.9 billion a year as part of a major ...
BP has confirmed it will slash spending on net zero transition businesses by £3.95bn a year and significantly ramp up its oil ...
BP Plc’s “fundamental reset” on Wednesday is the most highly anticipated strategy shift for an oil major in several years.
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