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United States

Ron Bousso

Exclusive: BP poised to sell 'stranded assets' even if oil prices rally

Aug 07 2020

LONDON BP is preparing to sell a large chunk of its oil and gas assets even if crude prices bounce back from the COVID-19 crash because it wants to invest more in renewable energy, three sources familiar with BP's thinking said.

BP halves dividend after record loss, speeds up reinvention

Aug 04 2020

LONDON BP cut its dividend for the first time in a decade after a record $6.7 billion second-quarter loss, when the coronavirus crisis hammered fuel demand, and it sought to win over investors by speeding up its reinvention as a lower carbon company. | Video

BP to cut fossil fuels output by 40% by 2030

Aug 04 2020

LONDON Energy group BP will increase its low-carbon spending to $5 billion a year by 2030 and boost its renewable power generation to 50 gigawatts (GW) while shrinking oil and gas output by 40% compared with 2019, it said on Tuesday.

BP to cut fossil fuels output by 40% by 2030

Aug 04 2020

LONDON Energy group BP will increase its low-carbon spending to $5 billion (3.82 billion pounds) a year by 2030 and boost its renewable power generation to 50 gigawatts (GW) while shrinking oil and gas output by 40% compared with 2019, it said on Tuesday.

UPDATE 1-BP to cut fossil fuels output by 40% by 2030

Aug 04 2020

* BP to stop oil, gas exploration in new countries (Adds detail, graphic)

Oil on track for monthly gain as dollar weakness supports

Jul 31 2020

LONDON Oil prices rose on Friday and were on track for monthly gains, benefiting from a weaker dollar which continued to be hit by concerns over the recovery of the U.S. economy as the coronavirus ravages economic output.

Exxon prepares spending, job cuts in last ditch move to save dividend

Jul 30 2020

HOUSTON Exxon Mobil Corp is preparing deep spending and job cuts, according to people familiar with the matter, as it fights to preserve a 8% shareholder dividend with a multi-billion-dollar quarterly loss looming.

REFILE- EXCLUSIVE-Exxon prepares spending, job cuts in last ditch move to save dividend

Jul 30 2020

HOUSTON, July 30 Exxon Mobil Corp is preparing deep spending and job cuts, according to people familiar with the matter, as it fights to preserve a 8% shareholder dividend with a multi-billion-dollar quarterly loss looming.

European oil major trading units provide buffer in rough second quarter

Jul 30 2020

LONDON The trading units of European oil and gas majors have shielded their second-quarter results from the full force of the corona-induced collapse in demand for fuel, but big writedowns showed the scale of the challenge ahead, results showed on Thursday.

European oil major trading units provide buffer in rough second quarter

Jul 30 2020

LONDON The trading units of European oil and gas majors have shielded their second-quarter results from the full force of the corona-induced collapse in demand for fuel, but big writedowns showed the scale of the challenge ahead, results showed on Thursday.

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