Under Auchincloss’ predecessor, Bernard Looney, BP pledged in 2020 to cut oil and gas output by 40% while rapidly growing renewables by 2030. BP lowered the reduction target to 25% in 2023.

CEO Murray Auchincloss is spearheading a $20 billion disposal programme through 2027 as BP looks to cut back on renewables while increasing spending on oil and gas. Sign up here. BP aims to cut ...

Vehicles drive past a BP (British Petroleum) petrol station in Liverpool, Britain, February 7, 2023. REUTERS/Phil Noble/File Photo DAKAR/NOUAKCHOTT, March 5 (Reuters) – A gas leak has been ...