BP, Oil and Gas

BP to ‘Fundamentally Reset’ Strategy in Shift Back to Oil and Gas
The energy giant said it would cut planned investments in clean energy and redirect spending toward fossil fuels.
BP to slash green investment and ramp up gas and oil
Five years ago, BP set some of the most ambitious targets among large oil companies to cut production of oil and gas by 40% by 2030, while significantly ramping up investment in renewables. In 2023, the company lowered this oil and gas reduction target to 25%.
BP to slash renewables spending in pivot back to oil and gas
BP will spend $10bn a year on producing more oil and gas, slash its spending on renewable energy and sell $20bn of assets as it tries to revive its share price under pressure from activist investor Elliott Management.
BP Shifts Focus Back to Oil and Gas, Scaling Down Green Investments
The move comes amid investor pressure, with shareholders unhappy about BP's underperformance compared to rivals like Shell and Exxon. BP's CEO Murray Auchincloss called it a "fundamental reset" aimed at maximizing shareholder value,
BP shuns renewables in return to oil and gas
BP said it would increase its investments in oil and gas by about 20% to $10bn (£7.9bn) a year, while decreasing previously planned renewables funding by more than $5bn (£3.9bn). The move comes as rivals Shell and Norwegian company Equinor have also scaled back plans to invest in green energy and US President Donald Trump's "drill baby drill" comments have encouraged investment in fossil fuels.
BP to up oil and gas output, slash clean energy spend in overhaul
BP plans to increase production of its more profitable oil and gas business and slash investment in cleaner energy, the British energy giant announced Wednesday to the dismay of environmentalists. BP will increase oil and gas investment to around $10 billion per year,
Trial date scheduled for man accused of murder near Benton Harbor gas station
The murder happened last year at the BP gas station known as “Smiley’s” at the corner of Main Street and Fair Avenue.
wmar2news1d
Baltimore man sentenced to life over fatal affair shooting at gas station
A judge sentenced a Baltimore man to life in prison for a 2022 murder outsider a Belair Road gas station. It was all over an ...
The Island Packet on MSN4d
Iconic gas station outside Hilton Head that greeted island travelers now lies in disrepair
The derelict convenience store, located near the base of the Hilton Head bridges, has become a hub for graffiti artists since ...
Orlando Police release bodycam footage of fatal officer-involved shooting outside of a gas station
The Orlando Police Department released bodycam footage from the officer-involved shooting outside the BP gas station on John Young Prkwy & Old Winter Garden Rd ...
Man arrested after allegedly trying to stab Webster Groves gas station employee: Police
The victim, who was an employee, told police he saw Turner get into his vehicle in the parking lot. When the victim ...
Elliott builds BP stake of nearly 5%, pushes for big divestments, source says
Activist investor Elliott Management has built a near 5% stake in BP and is pushing the oil company to take radical action to ...