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BP announces boost in oil, gas production

The New York Times · 35m

BP to Focus More on Oil and Gas in Strategy ‘Reset’

The energy giant said it would cut planned investment in clean energy and redirect spending toward fossil fuels.

UPI News on MSN · 2h

BP announces boost in oil, gas production after falling profits

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.

Hosted on MSN · 2h

BP cuts renewable investment and boosts oil and gas in strategy shift

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 shareholder returns.

BP to cut renewable energy targets

Fortune on MSN · 2h

How energy giant BP went from eco poster child to possible takeover target

For decades, BP—the U.K.-based oil and gas giant that is No. 25 on the Fortune Global 500—has tried to position itself as an energy company with the bigger picture in mind.From an eight-year advertising campaign in which it branded itself as “Beyond Petroleum,

Washington Examiner on MSN · 2d

BP to ditch renewable energy targets in effort to boost earnings

British oil giant BP reportedly will announce plans to abandon its renewable generation goals this week in an effort to boost earnings. BP CEO Murray Auchincloss will tell investors at the company’s capital market day on Wednesday that it will ditch its target to grow renewable generation capacity 20-fold by 2030 and instead refocus on

GlobalData on MSN · 1d

BP to cut renewable energy targets and focus on fossil fuels

BP is set to announce at the capital markets day that it is scaling back its 2030 renewables goal to 50GW instead of a 20-fold increase.

Iraq, BP agree to develop 4 Kirkuk fields

Reuters · 1d

Iraq, BP agree to develop four Kirkuk fields

Iraq and oil major BP have signed a deal to redevelop four Kirkuk oil and gas fields, BP said on Tuesday, a breakthrough for Iraq, where output has been constrained by years of war, corruption and sectarian tensions.

Bloomberg L.P. · 1d

BP Finalizes Agreement With Iraq to Revive Kirkuk Oil Fields

BP Plc finalized an agreement with the government of Iraq to redevelop the giant Kirkuk oil fields, a deal that signals a return to the company’s Middle Eastern routes and should help to bolster production from the OPEC member.

Hosted on MSN · 1d

BP signs deal with Iraq to invest in Kirkuk oilfields

UK energy company BP has signed an agreement with the Iraqi government to invest in several giant oilfields in Kirkuk, in a move expected to provide a big boost to the Opec producer's energy production.

BP boosts fossil fuel spending to $10 billion, sets $20 billion divestment target

BP said on Wednesday it would increase annual oil and gas investment to $10 billion, returning the focus to fossil fuels, as ...

BP to Prepare Lubricants Sale, Ditch Plan to Cut Oil Output in Strategy Review

BP Plc is set to announce a potential sale of its lubricants business and abandon plans to cut oil and gas output as it ...

Upstream17h

BP targets US output of 1 million boepd by 2030

BP's onshore and deep-water assets in the US are set to be big contributors to its new upstream production and reserves ...

1hon MSN

Five years on from BP's ambitious pledge, the climate has changed in every sense

Boss Murray Auchincloss's case is that oil and gas will be in "robust" global demand until 2035, and his message to shareholders is he intends to exploit it for their benefit.

5hon MSN

Simon Jack: BP's job is to make money, not set climate policy

For most - but not all - shareholders, the number one job of a company's board and management is to maximise the value of the ...

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BP announces boost in oil, gas production

BP to cut renewable energy targets

Iraq, BP agree to develop 4 Kirkuk fields

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