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BP looks to hire two more directors under oil-focused strategy

Oil & Gas 360ยบ

Last week, BP said that it is increasing its investment in upstream oil and gas to $10 billion per year while slashing spending on clean energy by more than $5 billion a year in the highly anticipated strategy reset. million barrels of oil equivalent per day (boed) in 2030, with capacity to increase to 2035.

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Valor | Energy Connection โ€“ Feb. 24, 2025

Valor

Read more BP to abandon green energy target and ramp up oil Summary : BP will abandon its plan to expand renewable energy generation 20-fold by 2030, scrapping its target of reaching 50 gigawatts (GW) and maintaining its current 8.2 crude oil inventories increase by 4.6 crude oil inventories rose by 4.6

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CERAWeek Days II & III: US market, BP's reset and LNG

Oilholics Synonymous Report

Chastened by a near-5% stake by activist investor Elliot Investment Management, BP's boss Murray Auchincloss spoke at CERAWeek to explain his company's reset, a return to oil and gas basics and improving company-wide efficiencies. But to quote Lance: " It will be a slow decline beyond 2030. That causes some issues.

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