Exclusive: BP abandons goal to cut oil output, resets strategy
Oct 7, 2024 · BP has abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scales back the firm's energy transition strategy to regain investor confidence, three sources with knowledge...
BP - | Stock Price & Latest News | Reuters
4 days ago · Get BP PLC (BP) real-time stock quotes, news, price and financial information from Reuters to inform your trading and investments
BP cuts over 5% of workforce to reduce costs | Reuters
LONDON, Jan 16 (Reuters) - BP will cut over 5% of its global workforce, it said on Thursday, as part of CEO Murray Auchincloss' efforts to reduce costs and rebuild investor confidence in the ...
BP drops oil output target in strategy reset | Reuters News Agency
Oct 8, 2024 · Reuters exclusively reported that BP has abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scales back the firm’s energy transition strategy to regain investor confidence. When unveiled in 2020, BP’s strategy was the sector’s most ambitious with a pledge to cut output by 40% while rapidly growing renewables by ...
BP drops target for cut in oil output in strategy reset: sources | REUTERS
Oct 7, 2024 · BP has abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scales back the firm's energy transition strategy to regain investor confidence, three sources with knowledge...
Exclusive-BP drops oil output reduction target in strategy reset ...
Oct 7, 2024 · LONDON (Reuters) -BP has abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scales back the firm's energy transition strategy to regain investor confidence, three...
BP Cuts Over 5% of Workforce to Reduce Costs - U.S. News
Jan 16, 2025 · LONDON (Reuters) -BP will cut over 5% of its global workforce, it said on Thursday, as part of CEO Murray Auchincloss' efforts to reduce costs and rebuild investor confidence in the energy giant....
BP halts hiring, slows renewables roll-out to win over investors
Jun 27, 2024 · BP's new CEO Murray Auchincloss has imposed a hiring freeze and paused new offshore wind projects as he places a renewed emphasis on oil and gas amid investor discontent over its energy...
BP Scraps Aim to Cut Oil and Gas Output, Reuters Says
Oct 7, 2024 · -- BP is scaling back its energy transition strategy further as it scraps a target to cut oil and gas output by 2030, Reuters reports, citing unnamed sources. -- The London-listed energy major...
BP Profit Slumps to Near Four-Year Low as Oil Demand Sags - U.S.
Oct 29, 2024 · LONDON (Reuters) -BP on Tuesday reported a 30% drop in third-quarter profit to $2.3 billion, the lowest in almost four years, weighed down by weaker refining margins and oil trading...