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BP, oil and gas

The Associated Press - Busine… · 41m

BP to slash spending on net zero ventures as it focuses on oil and gas again

LONDON (AP) — British energy company BP confirmed Wednesday that it would slash spending on green ventures and increase its oil and gas production, a change in direction that it hopes will bolster its flagging share price but has been met with incredulity from climate action campaigners.

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 investor confidence.

The New York Times · 9h

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.

Iraq, BP agree to develop 4 Kirkuk fields

Hosted on MSN · 5h

Kirkuk deal is BP’s 'most important' in 20 years, CEO Auchincloss says

BP's (NYSE:BP) deal to redevelop oil and gas fields in Iraq's Kirkuk region eventually will be viewed as of the company's most important transactions in 20 years, CEO Murray Auchincloss said Wednesday during the launch of its anticipated strategic reset.

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.

中国日报网5m

Oil giant BP cutting green investment

The logo of British multinational oil and gas company BP is displayed at their booth during the LNG 2023 energy trade show ...

14hon MSN

Oil major BP to slash renewable spending and double down on fossil fuels in strategy reset

British oil major BP on Wednesday announced plans to increase annual oil and gas investment to $10 billion as part of a ...

13hOpinion

BP Asks Shareholders to Pay for Its Mistakes

Javier Blas is a Bloomberg Opinion columnist covering energy and commodities. He is coauthor of “The World for Sale: Money, ...

'He's an icon': Cubs getting to pick Sosa's brain in BP

More than two decades had passed since Sammy Sosa last stepped foot inside the Cubs’ spring complex. When the franchise icon ...

9hon MSN

BP takes the axe to investment in green energy in "shocking" strategy U-turn

BP today unveiled a massive strategy U-turn with a new emphasis on oil and gas investment and a massive downgrade of its ...

1d

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 ...

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