Is BP Reshaping Its Energy Transition Business Priorities?
BPBP(BP) Forbes·2024-04-27 01:39

BP logo at a petrol station in London, U.K. (Photo: Leon Neal)Getty ImagesFollowing his predecessor Bernard Looney's sudden departure last year, BP CEO Murray Auchincloss' was left carrying the can for the company's strategy calling for growing renewables and reducing oil and gas output by 2030 or "Reimagine BP."The plan - to make the energy giant net zero by 2050 - failed to impress both shareholders at a time of extreme energy market volatility as well as environmental groups who accused Looney of waterin ...