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.
The energy giant said it would cut planned investments in clean energy and redirect spending toward fossil fuels.
In a much anticipated – and delayed – announcement from boss Murray Auchincloss, the British petrochemical giant told ...
BP takes the axe to investment in green energy in "shocking" strategy U-turn - Rethink comes five years after BP set ...
BP is increasing its oil and gas investment to $10bn (£7.9bn) a year as part of a net zero “reset” that involves the company ...
Global Witness' investigative campaigners have taken aim at BP's u-turn on its green promises with ad van billboards around ...
BP has confirmed it will slash spending on net-zero transition businesses by more than five billion US dollars (£3.95 billion ...
Supermajor sets out to please shareholders and stave off takeover threat as it drops iconic pledge to produce less oil by the ...
Embattled oil major BP on Wednesday unveiled what it billed as a strategic reset, planning to increase oil and gas investment ...
British oil major BP on Wednesday announced plans to increase annual oil and gas investment to $10 billion as part of a ...
Will chief executive Murray Auchincloss be able to deliver a ‘fundamental change’ in strategy at key investor meeting to ...
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