Shares of BP p.l.c. (LON:BP – Get Free Report) have received a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the company, Marketbeat Ratings reports.
BP slashes green energy spending and turns back towards fossil fuels BP is making a drastic pullback from renewables in ...
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The energy giant said it would cut planned investment in clean energy and redirect spending toward fossil fuels.
In addition to divesting $20 billion of assets, BP plans to slash investments in renewables and boost growth elsewhere.
But BP has struggled to reduce its debt load and the moves have failed to ignite its share price, leading to speculation ...
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BP said it would increase annual oil and gas spending to $10 billion and cut planned annual investment in energy transition businesses by more than $5 billion.
BP executives admit they went 'too far, too fast' chasing low carbon investments, but will investors swallow new plan?
BP announces its big "reset" on Wednesday, and Wall Street expects a pivot away from renewables and a doubling down on oil ...