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BP to drop renewable energy goals in favor of fossil fuels

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 part of CEO Murray Auchincloss' efforts to boost returns and improve financial performance.

Hosted on MSN · 2d

BP poised to abandon renewable goals and return focus to fossil fuels - Reuters

BP (NYSE:BP) will scrap its target to increase renewable generation 20-fold by 2030 and return its focus to fossil fuels, as part of a strategy shift to be announced this week at its capital markets day investor update to tackle investor concerns over earnings,

Chron on MSN · 23h

Report: BP to drop renewable energy goals in favor of fossil fuels

BP CEO Murray Auchincloss is announcing plans to ditch the company's goal of growing renewable generation capacity 20-fold by 2030 and instead return focus to fossil fuels, Reuters reports. The goal measured growth from 2019 figures.

Iraq, BP agree to develop 4 Kirkuk fields

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.

6h

E.ON decisions on post-2029 investment could come early next year, CFO says

Spending plans for the period after 2029 by Germany's power grid operator E.ON could come early in 2026, depending on the ...

2hon MSN

BP to spend $10B annually on oil and gas, scaling back renewable energy plans

BP has decided to reduce its investment in renewable energy and increase its spending on oil and gas to $10 billion annually, ...

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