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 $5 billion.
The energy giant said it would cut planned investment in clean energy and redirect spending toward fossil fuels.
The S&P 500 Index ($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 ...