“We found ourselves in a different place now, where nations are prioritizing affordability, assurance of flow, security of supply,” Murray Auchincloss, BP ... from oil and gas, “demand ...

Five years ago, BP set some of the most ambitious targets among large oil companies to cut production of oil and gas by 40% by 2030, while significantly ramping up investment in renewables.

That’s a stark departure from the previous strategy to lower oil and gas output by 2030. In transition investments, BP will selectively focus investments in biogas, biofuels, and EV charging ...

Top oil and gas companies are losing confidence in the outlook for their core businesses.

With rising U.S. output, OPEC+ supply flexibility, and economic uncertainty weighing on demand forecasts, the oil market remains under pressure. While geopolitical risks may spark occasional ...

BP boosts oil and gas investment ... between 2019 and 2030. The emissions account for greenhouse gases, such as carbon dioxide, released in the atmosphere from a company's supply chain and the ...

We recently published a list of 12 Best Energy Stocks to Buy According to Billionaire Ken Fisher. In this article, we are ...

In a statement, the company mentioned that the annual spending on oil ... supply chain. The previous target of a 20-30% reduction between 2019 and 2030 has been removed. Instead, BP intends ...

where they plan to grow production from 430 mboe/d in 2024 to 650 in 2030. Finally, BP is providing technical support in northern Iraq to help the national oil company develop fields in the Kirkuk ...

Under Auchincloss’s predecessor, Bernard Looney, BP pledged in 2020 to cut oil and gas output by 40 percent while rapidly growing renewables by 2030 ... is hydrocarbon demand continues to ...

The trade war between China and the U.S. is intensifying just as OPEC+ prepares to unwind its production cuts, putting oil prices under ... Chinese LNG Demand Cools Down. China’s LNG demand ...

The chief executive of BP has admitted the ... on the sudden surge in demand. More recently, Donald Trump’s pledge to “drill, baby, drill” has boosted oil companies in America by clearing ...