BP Scraps Aim to Cut Oil and Gas Output, Reuters Says, Citing Sources
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Dow Jones
-- BP is scaling back its energy transition strategy further as it scraps a target to cut oil and gas output by 2030, Reuters reports, citing unnamed sources.
-- The London-listed energy major is now targeting a number of new investments in the Middle East and the Gulf of Mexico to boost its oil and gas output, according to Reuters.
-- BP will present an updated strategy, including the removal of the 2030 production target, at an investor day in February, though in practice the company has already abandoned it, Reuters reports.
Full story: htTps://tinyurl.com/2tdbfcr3
Write to Christian Moess Laursen at christian.moess@wsj.com
(END) Dow Jones Newswires
October 07, 2024 04:57 ET (08:57 GMT)
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