BP (BP) will scrap its renewable generation capacity growth target as it returns its focus on fossil fuels in a bid to drive earnings, Reuters reported Monday, citing two unnamed sources familiar with the matter.
BP Chief Executive Officer Murray Auchincloss is expected to announce during the company's capital markets day on Wednesday that the company will drop its target to increase renewable generation capacity 20-fold between 2019 and 2030 to 50 gigawatts, the report said, citing the sources.
BP will also scrap its core earnings target of $49 billion this year and instead set an annual percentage growth outlook, according to the report.
BP did not immediately respond to MT Newswires' request for comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。