News
08 October 2024

BP ‘abandoning plan to cut oil output’ angers green groups

In:
Oil & gas
Region:
Europe

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, sources said.When unveiled in 2020, BP's strategy was the sector's most ambitious with a pledge to cut output by 40%...

Exclusive subscriber content…

If you are a TXF subscriber, please login to continue reading

Login

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to TXF Intelligence contact us

Request Access

You might also like


Perspective
02 March 2026

Cocobod announces plans for reform as cocoa prices crater

Cocoa prices have returned to historical averages but the threat of volatility remains, and national regulators are still managing the fallout. Ghana’s Cocobod has committed...

Perspective
03 March 2026

Sonangol financing: A benchmark in SACE support

The SACE-backed loan to fund Sonangol’s equity share in the NeGaCo gas project in Angola has marked the first time the ECA has structured such a deal based on the total...