-- Oil-and-gas company BP will refocus on fossil fuels and scrap a target to raise renewable generation capacity 20-fold by 2030, Reuters reports citing unnamed sources.
-- The change in direction is expected as part of a shift in strategy BP will outline Wednesday, Reuters reports, citing the sources.
-- The company will also ditch a target to achieve $49 billion in core earnings this year, setting instead an annual percentage growth target. In addition, it will disclose plans to divest assets and cut low-carbon investments to reduce debt and boost shareholders returns, the sources tell Reuters.
-- BP declined to comment to Reuters.
Full story: https://shorturl.at/cfPKc
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
February 24, 2025 12:06 ET (17:06 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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。