BP cuts over 5% of workforce to reduce costs | Reuters
4 days ago · LONDON, Jan 16 (Reuters) - BP will cut over 5% of its global workforce, it said on Thursday, as part of CEO Murray Auchincloss' efforts to reduce costs and rebuild investor confidence in the ...
Exclusive: BP abandons goal to cut oil output, resets strategy
Oct 7, 2024 · BP has abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scales back the firm's energy transition strategy to regain investor confidence, three sources with knowledge...
BP warns of fourth-quarter profit hit, postpones capital markets …
6 days ago · Jan 14 (Reuters) - BP , opens new tab warned on Tuesday that its fourth-quarter results will be hit by weaker oil and gas production, refining margins and trading, while also delaying a highly ...
BP drops oil output target in strategy reset | Reuters News Agency
Oct 8, 2024 · Reuters exclusively reported that BP has abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scales back the firm’s energy transition strategy to regain investor confidence. When unveiled in 2020, BP’s strategy was the sector’s most ambitious with a pledge to cut output by 40% while rapidly growing renewables by ...
Exclusive-BP drops oil output reduction target in strategy reset ...
Oct 7, 2024 · LONDON (Reuters) -BP has abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scales back the firm's energy transition strategy to regain investor confidence, three...
Bp Plc | Reuters
4 days ago · Global energy major BP has pledged to lift oil production by 44% and gas output by 89% from India's largest field off its west coast, under a decade-long contract, according to block operator Oil...
BP Cuts Over 5% of Workforce to Reduce Costs - U.S. News
4 days ago · LONDON (Reuters) -BP will cut over 5% of its global workforce, it said on Thursday, as part of CEO Murray Auchincloss' efforts to reduce costs and rebuild investor confidence in the energy giant.
Exclusive-BP weighs sale of minority stake in offshore wind …
Oct 17, 2024 · LONDON (Reuters) -BP is considering selling a minority stake in its offshore wind business, according to four sources with knowledge of the matter, the latest effort by CEO Murray Auchincloss to...
Inside BP's plan to reset renewables as oil and gas boom - Yahoo Finance
Mar 7, 2023 · LONDON (Reuters) - BP hasn't fallen out of love with renewables. It just wants to have more power. CEO Bernard Looney's pursuit of green energy outstripped all rivals three years ago when he...
BP warns of fourth quarter profit hit as production and refining
(Reuters) -BP warned on Tuesday that lower production, weak refining margins and sluggish trading would see its profit in the fourth quarter of 2024 fall from the previous three months. Since ...