murray auchincloss bp - Search News

BP walks back on renewable investment

The New York Times · 15h

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.

Fox Business · 17h

BP to boost oil and gas spending by $10B, slash renewable investment in major strategy shift

BP said it would increase annual oil and gas spending to $10 billion and cut planned annual investment in energy transition businesses by more than $5 billion.

The Business Journals · 15h

BP announces 'reset' with slashed renewables investments and $20 billion in divestments

In addition to divesting $20 billion of assets, BP plans to slash investments in renewables and boost growth elsewhere.

BP, fossil fuel

devdiscourse · 23h

BP's Strategic Shift: A Return to Roots in Fossil Fuels

BP will increase annual oil and gas investments to $10 billion under CEO Murray Auchincloss, focusing on fossil fuels to improve financial performance. Investment in transition businesses will be reduced.

Chron on MSN · 1d

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

The Houston oil giant is abandoning its goal of growing its renewable generation capacity 20-fold by 2030, Reuters reports.

Reuters on MSN · 1d

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.

35m

Elliott Ramps Up Pressure on BP as Turnaround Plan Falls Short

Elliott Investment Management is ramping up pressure on BP Plc after its new strategy fell short of the activist investor’s ...

13hon MSN

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 ...

17hon 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 ...

Iraq deal 'one of most important' BP transactions in 20 years: Auchincloss

BP will redevelop 3 billion barrels of oil equivalent across five fields in Iraq, all of which are currently operated by ...

Global Witness21h

Global Witness billboards highlight BP’s climate backtracking to investors

Global Witness' investigative campaigners have taken aim at BP's u-turn on its green promises with ad van billboards around ...

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