Better-than-expected quarterly earnings were driven by higher oil-equivalent production volumes, offset partially by decreased realizations of crude oil and condensates, and natural gas prices.

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Oil India is targeting to produce 3.8 million tonnes of oil equivalent crude oil 3.8 billion cubic meters of natural gas. Oil India’s annual production growth rate has been increasing by 5-6% ...

BP said it would increase annual oil and gas spending to $10 billion and cut planned annual investment in energy transition businesses by more than $5 billion. The energy company is seeking to ...

It is understandable that Trump and Bessent want to increase production of oil and oil equivalents by 3 million barrels a day by 2028. Increased output would strengthen the economy and perhaps ...

Oil major BP says it has slashed planned investment in renewable energy and would increase annual oil and gas spending to $10bn. It is the latest multinational in the energy sector to change its ...

BP boosts oil and gas investment to $10 bln annually Cuts annual transition spending by over $5 billion Reviewing Castrol, targets $20 billion in divestment Energy transition is slower than BP ...

Production is also expected to grow, to 2.3–2.5 million barrels of oil equivalent per day (boed) in 2030, with capacity to increase to 2035. That’s a stark departure from the previous strategy ...

BP produces about 2.3 million barrels of oil equivalent a day, down from about 2.6 million in 2019. Elliott is also pushing BP to make significant divestments but has not told other investors ...

The redevelopment could unlock an additional 3 billion barrels of oil equivalent of resources in the field, according to the statement. It is also significant for BP which is expected to announce a ...