BP’s Big U-Turn: Why Is the Energy Giant Returning to Oil and Gas? Shell, Equinor, and Exxon Are Making the Same
Rextag
MARCH 3, 2025
BP has announced a shift in its energy strategy, moving away from aggressive renewables investments and increasing its oil and gas production spending. He stated that BPs initial faith in green energy was misplaced , leading to a strategic reset prioritizing stronger financial performance and higher shareholder returns. million and 2.5
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