Hi, welcome to the Bloomberg Deals newsletter. Today, we’re looking at the much anticipated turnaround plan from BP, which is under pressure from the world’s biggest activist investor. Also today, Blackstone wagers nations will continue to embrace cleaner forms of energy.
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.
The latest news from the BBC.
Iraq, BP agree to develop 4 Kirkuk fields
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Iraq, BP agree to develop four Kirkuk fields
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BP Finalizes Agreement With Iraq to Revive Kirkuk Oil Fields
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,
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.
The latest news from the BBC. Read more. More episodes. Programme Website. Coming Up Next. now playing. BBC News. 11:00 Starmer goes to US, Ukraine's minerals, BP. The latest news
Amid dueling rehabilitation schedules, Los Angeles Dodgers star Shohei Ohtani took batting practice on Sunday for the first time since offseason shoulder surgery for an injury that occurred during the World Series in October.
Petroleum giant BP said on Wednesday that it plans to boost its annual oil and gas spending to $10 billion through 2027 as part of the company's reset after recent lackluster economic performance.
Jasson Dominguez, Feb. 25, 2025, at Tampa, Fla. Pete Caldera. Yankees manager Aaron Boone discusses his new contract extension
FTSE 100 rallies amid broad gains for European stocks, helped by copper miners after the metal jumped following the US opening a probe into potential tariffs; BP shares reverse a
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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.
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