BP now stands for ‘Best Partitioned’ | Reuters
1 day ago · BP told staff that 3,000 contractor positions will also be cut, according to a statement to Reuters. BP is due to report annual results on Feb. 11 and provide a strategic update on Feb. 26.
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 to seek buyers for German refinery assets | Reuters
1 day ago · Feb 6 (Reuters) - BP (BP.L), opens new tab on Thursday said BP Europa SE will seek potential buyers for its German refinery assets. Sign up here. category Oil firms slightly as Trump policies ...
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 seeks buyers for German refinery assets - MSN
(Reuters) -BP on Thursday said BP Europa SE will seek potential buyers for its German refinery assets. BP in March 2024 announced its plans to reduce the crude processing capacity of the country's ...
Exclusive-BP weighs sale of minority stake in offshore wind …
Oct 17, 2024 · LONDON (Reuters) -BP is considering selling a minority stake in its offshore wind business, according to four sources with knowledge of the matter, the latest effort by CEO Murray Auchincloss to...
Exclusive-BP poised to invest up to $25 billion in Iraq’s ... - MSN
By Aref Mohammed and Ahmed Rasheed. BAGHDAD (Reuters) - Oil major BP is expected to spend up to $25 billion over the lifetime of a project to redevelop four Kirkuk oil and gas fields, a senior ...
BP Near $25 Billion Pact to Develop Four Iraq Oil Fields, Reuters …
3 days ago · --FTSE 100-listed oil major BP is close to signing a 25-year contract to spend up to $25 billion on redeveloping four Kirkuk oil and gas fields, Reuters reports, citing a senior Iraqi oil official.
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...