The energy giant said it would cut planned investment in clean energy and redirect spending toward fossil fuels.
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Hosted on MSNStocks Climb Ahead of Nvidia's Earnings ResultsThe S&P 500 Index ($SPX) (SPY) today is up +0.37%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.03%, and the Nasdaq ...
BP has announced it will slash its renewable energy investments to focus on increasing oil and gas production. As part of ...
British energy company BP has confirmed it is to slash spending on green ventures and up its oil and gas production.
BP has announced a major strategic reset, increasing its investment in upstream oil and gas to $10 billion annually while ...
U.K. oil major BP said Wednesday it’s having a “fundamental reset,” having fallen far behind U.S. rivals Exxon and Chevron in ...
BP unveils anticipated strategic reset to raise annual oil and gas spending to $10B while cutting planned spending in energy ...
Added to that, for BP to meet its goals of increasing free cash flow and raising returns, it needs a Brent crude price of $70 ...
Chief executive Murray Auchincloss has succumbed to pressure from shareholders to reduce BP' exposure to the lower margin ...
At the end of the week, we get the latest core PCE reading at a delicate time for the US economy, with economic data surprising on the downside and consumer confidence slumping. Later this morning we ...
BP Plc announced a major pivot back to its core oil and gas business and promised to sell assets and reduce spending, but ...
Five years ago, BP set some of the most ambitious targets among large oil companies to cut production of oil and gas by 40% ...
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