Why BP's Elimination Of 2030 Oil Reduction Target Is No Real Surprise
TGTTarget(TGT) Forbes·2024-10-08 22:50

Murray Auchincloss, chief executive officer of BP Plc, speaks during the 2024 CERAWeek by S&P Global ... [+] conference in Houston, Texas, US, on Tuesday, March 19, 2024. Photographer: Aaron M. Sprecher/Bloomberg© 2024 Bloomberg Finance LPBritish oil giant BP advanced efforts to adjust its business plans to make itself more competitive with peer companies Monday, announcing it will abandon a goal of reducing its equity oil production by 2030. Originally set in 2020 at a 40% reduction by former CEO Bernard L ...