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BP aims to transform itself over the next decade with a new strategy. Meanwhile, the share price and valuation are back down near their coronavirus lows.
The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.
The share prices of the oil and gas supermajors have slid materially lower lately despite oil prices recovering modestly.
The Economist and FT both wrote a piece about the death of oil (essentially). Both pieces were driven by BP's latest long-term energy outlook, which predicts that global oil demand has already peaked.
Kate Mackenzie: A legacy of greenwashing haunts BP’s end-of-oil vision
The company that claimed to go “Beyond Petroleum” is now planning for a new era.
With low interest rates in our foreseeable future, we are looking for new ways to earn additional passive income.
BP is planning to considerably expand capital spending on renewable power and reduce investment in hydrocarbon assets.
There is currently a great debate raging about whether Exxon Mobil will be forced to reduce their dividend for the first time in generations.

Repsol CEO sees green targets as key to growth

09:20am, Wednesday, 16'th Sep 2020
After other oil-and-gas companies pledged carbon neutrality this year, Repsol Chief Executive Josu Jon Imaz felt validated. "Because of my scientific...
Microsoft and British oil giant BP have entered into a strategic partnership to digitize energy systems and accelerate net zero carbon goals set by both
Whether Exxon can maintain its dividend is one of the most active debates right now among energy investors. The company has a strong incentive to keep making payments at current levels.
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