Oil major BP boosts annual fossil fuel spending to $10 billion in strategy reset
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BP has announced a strategic reset, increasing its annual investment in oil and gas to $10 billion.
February 26, 2025 | 10:45 am
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BP is increasing its annual investment in oil and gas to $10 billion, indicating a strategic shift towards more fossil fuel spending.
BP's decision to increase its investment in oil and gas suggests a commitment to expanding its fossil fuel operations, which could lead to increased revenues and potentially higher stock prices in the short term.
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