BP, Renewable Energy

BP to drop renewables goals and shift focus back to fossil fuels
BP CEO Murray Auchincloss will tell investors the company is abandoning its target to grow renewable generation capacity 20-fold between 2019 and 2030 to 50 gigawatts.
BP Will Reportedly Cut Renewable Energy Goals Amid Market & Investor Pressure
A new report claims BP (BP) has lost interest in renewable energy as it refocuses on its fossil fuel business. Insider sources told Reuters the
BP poised to abandon renewable goals and return focus to fossil fuels - Reuters
BP will scrap its target to increase renewable generation 20-fold by 2030 and return its focus to fossil fuels, as part of a strategy shift to be announced this week.
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,
Daily on Energy: Iran oil sanctions tightened, BP retrenches on renewables goals, and the week ahead
Good afternoon and Happy Monday, readers! In today’s edition of Daily on Energy, Callie and Maydeen kick off the week by taking a look at new sanctions imposed by the Trump administration on Iran and its so-called “shadow fleet” of oil tankers.
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 away from the previous target of a 20-fold increase in renewable energy generation by 2030.
BP’s CEO Cut His Teeth on Crisis — Now He Faces the Toughest Test Yet
“Boy, his hat is crises!” said Bob Dudley, former BP CEO and a mentor to Auchincloss. “I always said to Murray: management ...
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‘Line in the sand’ or ‘more of the same’: What's in store at upcoming BP capital markets event
Will chief executive Murray Auchincloss be able to deliver a ‘fundamental change’ in strategy at key investor meeting to ...
BP weighs sale of $10 billion Castrol lubricants unit, Bloomberg News reports
Oil major BP is considering a potential sale of its lubricants business, Castrol, which could be worth about $10 billion in a ...
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 ...
BP executive promises 'reset' after profits fell in 2024
BP Chief Executive Murray Auchincloss promised a "reset" for the company, including dialing back climate commitments, on ...
Lightsource bp secured 10 power purchase deals totalling 1.3 GW last year
Renewable energy developer Lightsource bp, a unit of British oil company BP , secured 10 power purchase agreements (PPAs) ...
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Results reported on large Aker BP exploration prospect
One of Aker BP's largest oil exploration prospects this year has been drilled in the Norwegian Sea with a disappointing ...
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What does a potential BP and Shell merger mean for the UK oil industry?
Merging BP and Shell isn’t a completely mad idea, says Yawen Chen in Breakingviews. Even modest savings from eliminating ...
Dodgers star Shohei Ohtani tests shoulder in live BP
Amid dueling rehabilitation schedules, Los Angeles Dodgers star Shohei Ohtani took batting practice on Sunday for the first ...
BP to ditch renewable energy targets in effort to boost earnings
British oil giant BP reportedly will announce plans to abandon its renewable generation goals this week in an effort to boost ...