According to reports, BP plc has abandoned its target to reduce oil & gas production by 2030. Meanwhile, the CEO of this british energy giant is trying to rebuild investor confidence in the company.
According to media reports, CEO Murray Auchincloss of BP plc is repositioning the company's global strategy, abandoning the aforementioned goal of reducing oil & gas production, and instead seeking to increase investments in the Middle East and the Gulf of Mexico to boost its oil & gas output.
A spokesperson for the company stated that they "will seek to become a simpler, more focused, and higher value company".
