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BP’s Big U-Turn: Why Is the Energy Giant Returning to Oil and Gas? Shell, Equinor, and Exxon Are Making the Same

Rextag

BP has announced a shift in its energy strategy, moving away from aggressive renewables investments and increasing its oil and gas production spending. To optimize profits, the company will focus on significant oil and gas projects, production expansion, and strategic asset divestments. million barrels per day by 2030.

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Energy executives bask in Trump sun but ignore cheap energy pitfall

Oil & Gas 360º

Energy Information Administration expects crude oil production to rise to a new record average of 13.61 million barrels per day (bpd) in 2025 and climb further to 13.76 Trump wants increased production because he wants lower energy prices and that stands in direct opposition to expanding investments in oil and gas.

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