BP Abandons Goal to Cut Oil Output, Resets Strategy

Summary BP had aimed to cut output by 25% by 2030 BP eyeing investments in Iraq, Kuwait CEO Auchincloss to unveil new strategy in February (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 … Read more