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BP to cut renewable energy targets

How energy giant BP went from eco poster child to possible takeover target

In an industry where timing is everything, BP made the right bet at the wrong time,” says one professor who has studied its strategy.

Washington Examiner on MSN · 2d

BP to ditch renewable energy targets in effort to boost earnings

British oil giant BP reportedly will announce plans to abandon its renewable generation goals this week in an effort to boost earnings. BP CEO Murray Auchincloss will tell investors at the company’s capital market day on Wednesday that it will ditch its target to grow renewable generation capacity 20-fold by 2030 and instead refocus on

GlobalData on MSN · 1d

BP to cut renewable energy targets and focus on fossil fuels

BP is set to announce at the capital markets day that it is scaling back its 2030 renewables goal to 50GW instead of a 20-fold increase.

BP to Slash Spending on Net Zero Ventures

The Associated Press - Busines… · 5h

BP to slash spending on net zero ventures as it focuses on oil and gas again

LONDON (AP) — British energy company BP confirmed Wednesday that it would slash spending on green ventures and increase its oil and gas production, a change in direction that it hopes will bolster its flagging share price but has been met with incredulity from climate action campaigners.

Reuters · 7h

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 billion, in a major strategy shift aimed at boosting earnings and investor confidence.

The New York Times · 7h

BP to Focus More on Oil and Gas in Strategy ‘Reset’

The energy giant said it would cut planned investment in clean energy and redirect spending toward fossil fuels.

Iraq, BP agree to develop 4 Kirkuk fields

Reuters · 1d

Iraq, BP agree to develop four Kirkuk fields

Iraq and oil major BP have signed a deal to redevelop four Kirkuk oil and gas fields, BP said on Tuesday, a breakthrough for Iraq, where output has been constrained by years of war, corruption and sectarian tensions.

Bloomberg L.P. · 1d

BP Finalizes Agreement With Iraq to Revive Kirkuk Oil Fields

BP Plc finalized an agreement with the government of Iraq to redevelop the giant Kirkuk oil fields, a deal that signals a return to the company’s Middle Eastern routes and should help to bolster production from the OPEC member.

Zacks.com on MSN · 7h

BP Signs Major Oilfield Redevelopment Deal for Kirkuk Oilfields

BP plc BP, the British oil and gas giant, has inked an agreement with Iraq for the redevelopment of four oilfields in Kirkuk. This is a significant development for Iraq, given that its oil and gas output has been restrained for several years due to challenges like war,

9hon MSN

BP announces boost in oil, gas production after falling profits

Petroleum giant BP said on Wednesday that it plans to boost its annual oil and gas spending to $10 billion through 2027 as ...

7hon MSN

BP takes the axe to investment in green energy in "shocking" strategy U-turn

BP today unveiled a massive strategy U-turn with a new emphasis on oil and gas investment and a massive downgrade of its ...

Trinidad Express Newspapers1d

Danielle Jones-Hunte appointed VP at BP Middle East and North Africa

Hunte, has been appointed vice president of Communications and External Affairs (C&EA) for energy giant BP’s Middle East and ...

Tampa Free Press on MSN2h

BP Drops ‘Reset’ Bombshell: Oil Surge, Cost Cuts, And A Leaner Green Dream

BP dropped a bombshell on February 26, 2025, unveiling a “fundamentally reset” strategy that pumps the brakes on its green ...

Dodgers star Shohei Ohtani tests shoulder in live BP

In seven seasons as a hitter, Ohtani has a .282 batting average with a .945 OPS, 225 home runs and 567 RBIs in 860 games. As ...

10hon MSN

BP shareholders want it to make money, not climate policy

It was more than 20 years ago that the then boss of BP reframed those famous initials as "Beyond Petroleum". It was the first ...

New Mariner Rowdy Tellez promptly faces Bryan Woo in live BP session

A day after signing with the Mariners, Rowdy Tellez joined Julio Rodriguez in facing Bryan Woo in the right-hander's first ...

Peru: Country risk down to 155, below region's average

The country risk —measured by the EMBIG Peru spread— decreased 2 basis points (bps) from 157 to 155 between February 12 and ...

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BP to cut renewable energy targets

BP to Slash Spending on Net Zero Ventures

Iraq, BP agree to develop 4 Kirkuk fields

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