Monday, July 21, 2025
News Wave
No Result
View All Result
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology
Login
News Wave
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology
Login
No Result
View All Result
Login
News Wave
No Result
View All Result
Home World

Oil major BP to slash renewable spending and double down on fossil fuels in strategy reset

26 February 2025
in World
0 0
0
Oil major BP to slash renewable spending and double down on fossil fuels in strategy reset
Share on FacebookShare on Twitter



British oil major BP announced a strategic reset, increasing annual oil and gas investment to $10 billion by 2027 while reducing annual capital expenditure to $13-$15 billion. The firm aims for $20 billion in divestments by 2027, with lower investment in transition businesses at $1.5-$2 billion per year. BP CEO Murray Auchincloss stated the reset aims to drive growth, improve performance, and enhance cost efficiency to sustainably grow cash flow and returns.

Full Article

🪄 Creating a simple explanation...

Tags: BP PLCBreaking News: EuropeBusinessbusiness newsdoublefossilfuelsmajoroilOil and GasrenewableresetslashSpendingstrategyUnited Kingdom
Previous Post

19 killed in Sudan military plane crash after aircraft's takeoff

Next Post

Slot given two-game touchline ban

Related Posts

Philippines’ Marcos to meet Trump seeking trade deal | Donald Trump News
World

Philippines’ Marcos to meet Trump seeking trade deal | Donald Trump News

by My News Wave
21 July 2025
0

Leaders expected to hold talks on bilateral trade days before US tariffs on Philippine goods set to take effect.Philippine President Ferdinand Marcos Jr. is set to meet US President Donald Trump to negotiate a more favorable trade deal amid impending 20% tariffs on Philippine goods, emphasizing economic cooperation and defense ties. As the first Southeast Asian leader to meet Trump in his second term, Marcos aims to strengthen the US-Philippines alliance, particularly in the context...

Read more
Top DOJ official pushes to keep interim U.S. Attorney Alina Habba in place as deadline approaches
USA

Top DOJ official pushes to keep interim U.S. Attorney Alina Habba in place as deadline approaches

by My News Wave
21 July 2025
0

Alina Habba, appointed as acting U.S. attorney for New Jersey by President Trump, faces a critical decision from state judges regarding her interim role, which expires soon without Senate confirmation. Despite her controversial tenure and clashes with Democratic leaders, Deputy Attorney General Todd Blanche advocates for her continuation, citing her leadership and recent achievements in hiring prosecutors. Want More Context? 🔎

Read more
British teens recruited to world’s most feared mafia – the Black Axe gang
UK

British teens recruited to world’s most feared mafia – the Black Axe gang

by My News Wave
21 July 2025
0

International law enforcement, led by Interpol, conducted Operation Jackal III, targeting the Black Axe criminal network, resulting in over 300 arrests across 21 countries and the recovery of £2.24 million in stolen assets. The gang, notorious for cyber-enabled financial fraud and recruitment tactics involving violence and coercion, preys on vulnerable individuals, particularly in the UK and Ireland. Want More Context? 🔎

Read more
Israeli undercover unit detains Gaza field hospitals director in deadly raid in Rafah – Middle East Monitor
Middle East

Israeli undercover unit detains Gaza field hospitals director in deadly raid in Rafah – Middle East Monitor

by My News Wave
21 July 2025
0

An Israeli undercover unit has detained Dr. Marwan Al-Hams, director of field hospitals in Gaza, during a raid near a Red Cross facility in Rafah, resulting in civilian casualties and condemnation from the Health Ministry and Hamas. They labeled the abduction as a serious violation of international law and called for Al-Hams's immediate release amid ongoing violence and humanitarian crises in the region. Want More Context? 🔎

Read more
Italian rescuers free injured and trapped cave explorer
Australia

Italian rescuers free injured and trapped cave explorer

by My News Wave
21 July 2025
0

Rescuers in Italy's Piedmont region successfully freed a 63-year-old cave explorer who suffered a head injury from falling rocks 40 meters underground in the Abisso Paperino cave system. The rescue involved using explosives to widen the cave and navigating through vertical shafts and narrow passages, with the injured man treated by medical teams in a heated tent and reported to be in good condition. Want More Context? 🔎

Read more
Bangladesh plane crash: What we know, what’s the latest | Aviation News
World

Bangladesh plane crash: What we know, what’s the latest | Aviation News

by My News Wave
21 July 2025
0

A Bangladesh Air Force F-7 BGI training jet crashed into the Milestone School and College in Uttara, killing at least 19 people and injuring over 100 as students attended classes. Rescue efforts are ongoing, with authorities coordinating support and identifying victims, while the crash is the deadliest aviation incident in Bangladesh since 1984. Want More Context? 🔎

Read more
News Wave

News Summarized. Time Saved. Bite-sized news briefs for busy people. No fluff, just facts.

CATEGORIES

  • Africa
  • Asia Pacific
  • Australia
  • Business
  • Canada
  • Entertainment
  • Europe
  • India
  • Middle East
  • New Zealand
  • Sports
  • Technology
  • UK
  • USA
  • World

LATEST NEWS STORIES

  • Philippines’ Marcos to meet Trump seeking trade deal | Donald Trump News
  • Top DOJ official pushes to keep interim U.S. Attorney Alina Habba in place as deadline approaches
  • British teens recruited to world’s most feared mafia – the Black Axe gang
  • About Us
  • Disclaimer
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Copyright © 2025 News Wave
News Wave is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology

Copyright © 2025 News Wave
News Wave is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In