BP to boost oil and gas spending by $10B, slash renewable investment in major strategy shift
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.
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The story so far
2 developments- Feb 24, 2025Only lean-right coverage:BP Set to Scrap Renewable Energy Goal as It Boosts Oil and Gas
- Feb 26, 2025BP to boost oil and gas spending by $10B, slash renewable investment in major strategy shift
Who covered each development
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Quiet for 580 daysLast development · Feb 26, 2025 — BP to boost oil and gas spending by $10B, slash renewable investment in major strategy shift
Left
4 viewpointsBP cuts investment in clean energy and boosts oil and gas in major strategy shift
BP cuts back on green energy investment, part of wider oil industry trend
Center
2 viewpointsBP Boosts Oil and Gas Spending as Energy Giant Pivots From Low-Carbon Focus
Right
2 viewpointsBP Hikes Oil and Gas Investment to $10 Billion a Year in Strategy Reset
BP to boost oil and gas spending by $10B, slash renewable investment in major strategy shift
Other outlets
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1 articleBP to raise oil and gas spending to $10bn a year in pivot away from green goals
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