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BP drops target for cut in oil output in strategy reset

oilandgasmiddleeast · 5m

bp abandons 2030 oil output cut as CEO scales back energy transition

Middle East and the Gulf of Mexico to boost its oil and gas production. bp abandons 2030 oil output cut as CEO scales back energy transition. . News.

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.

This is Money on MSN · 22h

BP set to axe 2030 target for oil and gas output cuts

The oil supermajor's chief executive, Murray Auchincloss, is looking to win back confidence among investors concerned about the firm's share price shrinking amid moderating energy prices.

YAHOO!Finance · 1d

BP drops target for cut in oil output in strategy reset: sources

STORY: BP has abandoned a target to cut oil and gas output by 2030.Three sources told Reuters of the new approach.They said CEO Murray Auchincloss is scaling back the firm's energy transition strategy to regain confidence from investors.

Reuters on MSN · 1d

Exclusive-BP drops oil output reduction target in strategy reset, sources say

By Ron Bousso LONDON (Reuters) -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.

23hon 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 ...

19hon MSN

Anger over ‘BP abandoning goal to cut oil output’; 2,000 jobs saved after TGI Fridays sale – business live

BP CEO Murray Auchincloss has dropped a target to cut oil and gas output by 2030, reports Reuters. Breaking: More than 2,000 ...

dailybusinessgroup16h

Green groups angry at BP scrapping 2030 target

BP spent $2.5bn (£1.9bn) on renewables, hydrogen, EV charging and biofuels in 2023. It has also invested in 6GW of offshore ...

BP and ExxonMobil discuss exploration plans with Egypt's top petroleum official

BP chief executive, Murray Auchincloss, and John Ardill, ExxonMobil’s head of global exploration, hold talks in London with ...

4d

Anant Ambani, Murray Auchincloss open Jio-bp's 500th EV-charging station

Reliance Industries Limited (RIL) director Anant Mukesh Ambani and BP CEO Murray Auchincloss inaugurated the 500th Jio-bp ...

Jio-bp hits 5,000 EV chargers as Anant Ambani and Murray Auchincloss unveil 500th station at Mumbai’s BKC

Anant Ambani and Murray Auchincloss inaugurated Jio-bp’s 500th EV-charging station in Mumbai, marking the installation of ...

11d

Anant Ambani, Murray Auchincloss inaugurate Jio-bp's 500th EV charging station at Jio World Centre in Mumbai

The new charging station will serve the Nita Mukesh Ambani Cultural Centre, Jio World Plaza, and Jio World Convention Centre, ...

12d

BP sees growing opportunities in India: CEO Murray Auchincloss

BP's global CEO Murray Auchincloss highlighted growing business opportunities in India, citing their partnership with ...

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