Bernard Looney:“Throughout 2022, bp continued to focus on delivery of our Integrated Energy Company strategy. We are helping provide the energy the world needs today and – at the same time – investing with discipline into our transition and the energy transition – as demonstrated by the A...
Realised prices Q4-23 Q3-23 2023 Liquids (USD/boe) 83.6 87.6 81.6 Natural gas (USD/boe) 73.9 60.5 74.3 Fourth quarter 2024 and Strategy Update – programme Date: Thursday 8 February 2024 Report to be released: 06:00 CET Online presentation by management: 08:30 CET Presentation availab...
BP has a new chief executive after Mr Looney quit in 2023, and his replacement, Canadian Murray Auchincloss, said earlier in February that he would carry out a “fundamental reset” of BP’s strategy. It comes after the influential US hedge fund Elliott Management took a nearly ...
In aseparate announcement, bp has today provided an update on the significant progress made in executing its transformation to an Integrated Energy Company (IEC) since outlining its new strategy. In resilient hydrocarbons bp has accelerated its biogas strategy - part of its bioenergy Transition ...
The company’s next major strategy update will be Energy Transition Strategy day in March. BP It wouldn’t be hyperbolic to say Bernard Looney’s sudden resignation as chief executive of BP in June came with mixed reviews. On the one hand, many lauded the BP-lifer’s efforts to commit to...
“Today we have fundamentally reset bp’s strategy,” BP CEO Murray Auchincloss said in a statement. “We are reducing and reallocating capital expenditure to our highest-returning businesses to drive growth, and relentlessly pursuing performance improvements and cost efficiency. This is all in servi...
Auchincloss, who is seeking to increase cash flow and reduce debt, will update the company's strategy in February. Net debt rose to $24.3 billion at the end of September, from $22.3 billion a year earlier, due to lower than anticipated asset disposals, BP said...
The strategy represents a pullback from the company’s much-vaunted plan five years ago, under then CEO Bernard Looney, to shrink oil and gas production in favor of net zero businesses. Auchincloss told investors after the release of the update that the company’s faith in the green energy ...
by changing the update method of the lion king and adding the attenuation factor, to improve the global search ability and avoid falling into local optimal solution, for the update method of the lioness and learning lion, the dynamic learning strategy was introduced to ...
Whereas climate change issues are the presumptive reasons behind the latest wave of investor revolts at the oil and gas giants, lurking beneath the surface is a growing sense of apprehension about Big Oil’s strategy and failure to generate adequate returns for shareholders in recent decades.read...