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.

BP also plans to cut its net debt from $23bn to between $14bn-$18bn by the end of 2027. A bellwether of UK North Sea oil and gas production, BP first located natural gas in the southern North Sea ...

BP’s chief executive ... its pipeline of oil and gas projects after years of trimming its portfolio. But he said he would focus on promoting the company to American investors and said the ...

“Oil and gas will be needed for decades to come.” He killed off a five-year-old strategy that had established BP as a leader in the energy transition but ultimately failed to win shareholder ...

As the world transitions to green energy, hydrogen is gaining significant attention as a zero-carbon clean energy source. It ...

From innovative oil and gas operations in the Permian Basin ... legacy Texas is a driving force behind the American energy industry, and bp has long been part of that legacy.

TC Energy CEO Francois Poirier said on Tuesday at the CERAWeek energy conference in Houston he expects North American natural gas demand to grow by 40 billion cubic feet per day over the next 10 years ...

bp has announced the successful completion of drilling operations at the El Fayoum-5 gas discovery well in the North Alexandria Offshore Concession, marking the final well in its four-slot drilling ...

“We are determined to have set the right fiscal and regulatory regimes to make sure we can get the maximum possible economic extraction of oil and gas ... the North Sea. Oil firms BP and GDF ...

drill” approach to oil and gas and an American shift away from pro-climate policies. Scottish Greens co-leader Lorna Slater hit out: “After years of greenwashing and spin, it seems that BP has ...