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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 pivots back to oil and gas

The Financial Times · 21h

BP pivots back to oil and gas after ‘misplaced’ faith in green energy

BP has abandoned a radical attempt to reinvent itself as a green energy company, bowing to pressure from investors after its aggressive shift away from fossil fuels over the past five years backfired.

Reuters · 2h

BP's green failure offers Big Oil a lesson in moderation

BP has returned to its oil and gas roots in a spectacular about-turn following its trailblazing attempt five years ago to become a renewables giant. The takeaway for Big Oil is that the energy transition is a marathon,

Hosted on MSN · 23h

BP Boosts Oil and Gas Spending as Energy Giant Pivots From Low-Carbon Focus

KEY TAKEAWAYS BP said it would invest more in oil and gas as it pivots away from its low-carbon strategy.BP said it would increase its annual oil and gas investment to about $10 billion and cut annual capital expenditure to between $13 billion and $15 billion through 2027.

Iraq, BP agree to develop 4 Kirkuk fields

The Independent on MSN · 22h

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 what CEO Murray Auchincloss is calling a “fundamental reset”, BP has signed a deal worth $25bn (£19.

Zacks.com on MSN · 20h

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,

Hosted on MSN · 1d

BP signs deal with Iraq to invest in Kirkuk oilfields

UK energy company BP has signed an agreement with the Iraqi government to invest in several giant oilfields in Kirkuk, in a move expected to provide a big boost to the Opec producer's energy production.

20h

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 ...

17m

BP’s chief aims to more than double market value to $200bn

BP’s chief executive wants to more than double the oil major’s market value within five years to $200 billion (€190 billion), ...

18h

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.

E&E2h

BP embraces oil and gas, snubs renewables in corporate reset

The British petroleum giant laid out plans Wednesday to boost spending on fossil fuels as it dials back renewable energy ...

18h

BP announces 'reset' with slashed renewables investments and $20 billion in divestments

In addition to divesting $20 billion of assets, BP plans to slash investments in renewables and boost growth elsewhere.

BP Will Reportedly Cut Renewable Energy Goals Amid Market & Investor Pressure

A new report claims BP (BP) has lost interest in renewable energy as it refocuses on its fossil fuel business. Insider ...

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 ...

1don MSN

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

BP takes the axe to investment in green energy in "shocking" strategy U-turn - Rethink comes five years after BP set ...

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BP to cut renewable energy targets

BP pivots back to oil and gas

Iraq, BP agree to develop 4 Kirkuk fields

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