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BP to abandon pledge to cut oil and gas output

The Irish Times · 11h

BP to abandon pledge to cut oil and gas output as chief fights for group’s survival

BP will abandon its pledge to reduce oil and gas output and announce at least one major divestment at its investor day on Wednesday, said people familiar with the plan, as chief executive Murray Auchincloss battles to convince activist Elliott Management that he can turn around the energy major.

The Australian Financial Review · 16h

BP to abandon pledge to cut oil and gas output as boss fights for group’s survival

CEO Murray Auchincloss has promised a “fundamental reset” to boost performance after it emerged US hedge fund Elliot had built a near 5 per cent stake in the firm.

Business Insider · 12h

BP to drop pledge to cut oil and gas output amid Elliott battle, FT reports

BP (BP) will do away with its pledge to reduce oil and gas output and announce at least one major divestment at its investor day on Wednesday

BP to drop renewable energy goals in favor of fossil fuels

Exclusive: BP to ditch renewables goals and return focus to fossil fuels

BP's chief executive will scrap a target to increase renewable generation 20-fold by 2030, returning the focus to fossil fuels, as part of a strategy shift announced on Wednesday to tackle investor concerns over earnings,

YAHOO!Finance · 6h

BP to cut renewable energy targets and focus on fossil fuels

BP is set to announce at the capital markets day that it is scaling back its 2030 renewables goal to 50GW instead of a 20-fold increase.

Chron on MSN · 4h

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

BP CEO Murray Auchincloss is announcing plans to ditch the company's goal of growing renewable generation capacity 20-fold by 2030 and instead return focus to fossil fuels, Reuters reports. The goal measured growth from 2019 figures.

47mon MSN

BP chairman in firing line over green blunders as he prepares for make-or-break update

BP chairman Helge Lund (pictured), has overseen a number of strategy U-turns since taking the helm in 2019. Shares have since ...

6d

BP Considers Castrol Sale as Elliott Turns Up the Heat

BP PLC (BP) is reportedly considering selling its lubricants division, Castrol, amid growing pressure from activist investor ...

Stocktwits on MSN6d

BP Reportedly Mulls Castrol Lubricants Sale, But Retail’s Not Too Enthused

BP Plc (BP) stock garnered retail attention on Tuesday after Bloomberg News reported that the company is considering selling ...

5h

BP to Prepare Lubricants Sale, Ditch Plan to Cut Oil Output in Strategy Review

BP Plc is set to announce a potential sale of its lubricants business and abandon plans to cut oil and gas output as it ...

6d

BP weighs potential sale of Castrol Lubricants unit amid Elliott push

A sale of the business is one of the many options BP is considering to win back investor confidence after years of under ...

7d

BP weighs sale of Castrol lubricants unit worth about $10B, Bloomberg says

BP (BP) is said to be weighing a potential sale of its Castrol-branded lubricants unit, which could be worth about $10B, amid a push from ...

1d

BP Just Ditched Its Green Pledge--Why This Energy Giant Is Betting Big on Oil Again

BP is scrapping its massive renewable energy targets and doubling down on fossil fuels--here's what it means for investors.

6d

BP: 5 Levers To Pull At The Investor Day

Read here for 5 key strategies BP's management can use to boost value and address recent underperformance, from cost cuts to ...

1don MSN

BP reverses course on renewables, focuses on oil and gas amid investor pressure

BP’s Chief Executive Officer has reportedly made a significant strategic shift, opting to refocus on fossil fuels and move ...

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