Arrr, BP be tossin’ their oil-cutting dreams, settin’ sail for a new treasure map instead!
2024-10-07
Arrr, matey! BP's captain, Murray Auchincloss, be throwin' the treasure map o' reduced oil and gas output overboard! Once promised a grand 40% cut by 2030, now it be slashed to a mere 25%! Looks like they be searchin' for gold in the investors' eyes instead!
Ahoy, mateys! Gather 'round as I spin ye a yarn 'bout the scallywags at BP, the oil giant that’s tossed its ambitions upon the tempestuous seas! Aye, their cap'n, one Murray Auchincloss, has decided to abandon the grand plan of slashin' oil and gas output by 2030. It seems the treasure of investor confidence be too elusive for these lubbers!Once upon a time, in the year of our Lord 2020, BP had the boldest map to the golden shores of energy transition, vowin' to cut their black gold output by a whopping 40%! But alas, like a ship caught in a squall, they adjusted their sails and trimmed the target to a mere 25% reduction last February. Now they be lookin’ to produce around 2 barrels of the devil's brew instead of settin' their sights on greener pastures!
So here we are, witnessin' BP backtrack faster than a crab scuttling from a hungry seagull. They be reckonin’ that playin’ it safe might just keep the doubloons flowin’ from the investors’ coffers. Aye, it’s a wild world in the oil trade, and BP's just tryin’ to keep its ship afloat in these choppy waters!