How Big Is BP’s Stranded Assets Problem?
Green critics of BP's new strategy claim it will lead to stranded assets. it won't. BP's problem is not having enough oil and ...
Iraqi News1d
Iraq’s deal with BP to add 150,000 barrels per day
The agreement signed by BP to develop four oil fields in Iraq is anticipated to increase the country's production by 150,000 ...
BP to boost oil and gas spending by $10B, slash renewable investment in major strategy shift
BP said it would increase annual oil and gas spending to $10 billion and cut planned annual investment in energy transition businesses by more than $5 billion.
Newsday16d
BP to slash spending on net zero ventures as it focuses on oil and gas again
LONDON — 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 ...
Houston Chronicle18d
Report: BP to drop renewable energy goals in favor of fossil fuels
BP CEO Murray Auchincloss is announcing plans to ditch the company's goal of growing renewable generation capacity 20-fold by 2030 and instead return focus to fossil fuels, Reuters reports. The ...
Al Jazeera English17d
BP drops climate targets in pivot back to oil and gas
Oil major BP says it has slashed planned investment in renewable energy and would increase annual oil and gas spending to $10bn. It is the latest multinational in the energy sector to change its ...