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BP drops target for cut in oil output in strategy reset

Why BP’s Elimination Of 2030 Oil Reduction Target Is No Real Surprise

BP said Monday it will drop a pledge to cut its oil production 25% by 2030. Critics slammed the move, but should not be surprised by it.

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 abandons target to cut oil production

Oil and gas major BP is to drop its target to cut production by 2030, the Times reports, saying that the firm is “battl [ing] to close a valuation gap with rivals in the energy industry”. It explains that in 2020,

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BP bows to investor pressure as it abandons plans to cut oil output

BP has been facing increasing pressure from investors and stakeholders to cut down its green ambitions and to stay within the ...

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Oil Prices Under Pressure as Supply Disruptions Fail to Materialize

Oil prices tumbled early on Tuesday morning, with geopolitical risk failing to translate into a significant supply disruption ...

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BP shifts gears, scales back renewables to regain investor trust: report

BP is shifting its strategy by abandoning a key 2030 oil and gas output reduction target. CEO Murray Auchincloss aims to ...

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Oil’s Security Premium Could Rise, But Is Unlikely To Persist

An attack on Iranian oil fields would raise oil prices, but overall, the odds are for a return to the lower levels of ...

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ExxonMobil's Profits Are About to Fall. Is the Oil Stock Still a Buy?

ExxonMobil (NYSE: XOM) recently gave investors a sneak peek into its upcoming third-quarter earnings report. The oil giant ...

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