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Oil and gas giant BP has again slashed its renewable energy investment and announced more funding for greater fossil fuel production. In a further row back of climate targets the company has said ...
By Stanley Reed Reporting from London BP, the energy giant, said on Wednesday that it would increase spending on oil and gas while sharply paring back investments on various forms of clean energy.
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 ...
The financial year net profit at BNP Paribas' (BNPP.PA), opens new tab Polish unit stood at 2.36 billion zlotys ($611.76 million), ahead of the 2.18 billion zlotys forecast in a company-compiled ...
Under Auchincloss’ predecessor, Bernard Looney, BP pledged in 2020 to cut oil and gas output by 40% while rapidly growing renewables by 2030. BP lowered the reduction target to 25% in 2023.
UK supermajor BP has signed a deal with the Iraqi government to redevelop the Kirkuk oil and gas fields, the operator said on Tuesday. The new agreement covers oil and gas production of more than ...
This is a reset BP, with an unwavering focus on growing long-term shareholder value." Shell and Norwegian company Equinor have already scaled back their plans to invest in green energy.
BP is set to announce it would stop pursuing reductions in its crude oil and natural gas production in a bid to please its new major shareholder Elliott Management. The company had previously ...
BP chief executive Murray Auchincloss took a £2.3m pay cut last year amid a slump in profit at the fossil fuel giant. Mr Auchincloss took home £5.4m in 2024 including bonuses and shares, down ...
There are a number of possible factors at play. First, many recent high-profile ... animal spirits may further help activists’ cause. BP confirmed on Wednesday it would review its lubricants ...
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