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BP announces boost in oil, gas production

The New York Times · 48m

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.

Hosted on MSN · 2h

BP doubles down on oil and gas, cuts renewable investments in strategy reset

British oil giant BP (BP) is pivoting its focus back to its core business of oil and gas while lowering spending on renewables. On Wednesday, the British energy giant announced it will increase oil and gas investments to $10 billion per year and target divestments to support a stronger balance sheet.

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.

BP to cut renewable energy targets

Fortune on MSN · 3h

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

In an industry where timing is everything, BP made the right bet at the wrong time,” says one professor who has studied its strategy.

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 ...

Yen on MSN15h

BP to unveil strategy shakeup amid energy transition

British energy giant BP is set Wednesday to announce a shakeup to its strategy after a difficult trading year and as ...

BP’s CEO Cut His Teeth on Crisis — Now He Faces the Toughest Test Yet

“Boy, his hat is crises!” said Bob Dudley, former BP CEO and a mentor to Auchincloss. “I always said to Murray: management ...

Baton Rouge Business Report3h

Roundup: Meta’s energy impact / BP / Mortgage rates

The rapid rise of data centers has utilities scrambling to meet unprecedented demand. This surge, experts warn, risks driving up electricity rates unless tech companies step up. Entergy ...

Hosted on MSN5d

JP Morgan Upgrades BP p.l.c. - Depositary Receipt () (BP)

Fintel reports that on February 20, 2025, JP Morgan upgraded their outlook for BP p.l.c. - Depositary Receipt () (NYSE:BP) ...

New Mariner Rowdy Tellez promptly faces Bryan Woo in live BP session

A day after signing with the Mariners, Rowdy Tellez joined Julio Rodriguez in facing Bryan Woo in the right-hander's first ...

gasworld1d

Oxford Flow secures landmark $1m order from bp

UK-based Oxford Flow has secured an order worth nearly $1m from bp for its ES stemless axial flow valves, marking the company ...

City & State New York5d

Hoylman-Sigal nabs congressional endorsements in BP race

Two of Manhattan’s three members of Congress are backing Brad Hoylman-Sigal against term-limited Council Member Keith Powers.

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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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