BP signs $25bn deal to redevelop Iraq’s oil and gasfields as it slashes investments in renewable energy
BP has announced it will slash its renewable energy investments to focus on increasing oil and gas production. As part of ...
BP Boosts Oil and Gas Spending as Energy Giant Pivots From Low-Carbon Focus
BP said it would increase its oil and gas investments to about $10 billion a year as it pivots away from its low-carbon ...
BP doubles down on oil and gas, cuts renewable investments in strategy reset
British oil giant BP (BP) is pivoting its focus back to its core business of oil and gas while lowering spending on ...
BP cuts renewable investment and boosts oil and gas in strategy shift
BP slashed planned investment in renewable energy and said on Wednesday it would increase annual oil and gas spending to $10 ...
Report: BP to drop renewable energy goals in favor of fossil fuels
The Houston oil giant is abandoning its goal of growing its renewable generation capacity 20-fold by 2030, Reuters reports.
BP cuts investment in clean energy and boosts oil and gas in major strategy shift
BP slashed planned investment in renewable energy and said Wednesday that it would increase annual oil and gas spending to $10 billion, in a major strategy shift aimed at boosting earnings and ...
BP to ‘Fundamentally Reset’ Strategy in Shift Back to Oil and Gas
The energy giant said it would cut planned investments in clean energy and redirect spending toward fossil fuels.
BP to slash renewable energy generation to pivot to fossil fuels
OIL and gas company BP is expected to ditch a target to ramp up renewable energy generation by 2030 in a bid to pivot back ...
BP to slash spending on net zero ventures as it focuses on oil and gas again
British energy company BP has confirmed it is to slash spending on green ventures and up its oil and gas production.
BP Refocuses on Oil Amid Elliott Pressure, But Cuts Buybacks
BP Plc announced a major pivot back to its core oil and gas business and promised to sell assets and reduce spending, but ...
BP to pivot back to oil, cut green spending in strategic reset but stock drifts lower
BP unveils anticipated strategic reset to raise annual oil and gas spending to $10B while cutting planned spending in energy ...
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BP slashes renewables investment, seeks new Lightsource BP partner
Oil and gas giant BP wants to sell stake in Lightsource BP just four months after completing full takeover of the renewables developer. New “strategy reset” will also cut company’s investment in ...