It pumped 2.36 million boepd in 2024. Under Auchincloss’s predecessor, Bernard Looney, BP pledged in 2020 to cut oil and gas output by 40 percent while rapidly growing renewables by 2030.

BP has announced it will cut its renewable energy investments and instead focus on increasing oil and gas production. The energy giant revealed the shift in strategy on Wednesday following ...

Oil major to reduce renewable investment target in major shift BP set to announce lubricants plan Wednesday amid Elliott push BP Plc is set to announce a potential sale of its lubricants business and ...