BP on irreversible green course

British Petroleum has hit the 'reset' button on large parts of its commercial basis and will end up a changed company – even if oil prices should suddenly return to their former heights. The firm brought its transformation to life, says analyst.

Photo: BP PR

The name is the same: British Petroleum (BP), which nicely illustrates the basis for one of the world's very largest oil companies. At least for a little while yet.

When BP presented its latest interim report on Tuesday, the company drew attention by saying it would reduce its enormous oil and gas output by 40 percent toward 2030.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Nordex downgrades forecast

The German turbine manufacturer has had a rougher start to 2022 so far than expected, prompting the company to downgrade guidance by EUR 200m at minimum.

Further reading

Related articles

Latest News

See all jobs