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BP Slows Transition to Renewable Energy as Oil Bonanza Continues

February 7, 2023

Via: The Wall Street Journal

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BP PLC said it would slow its shift to lower-carbon energy, increasing spending on the oil-and-gas production that helped push the company to a record profit last year.

BP in the fourth quarter joined its peers on both sides of the Atlantic in capitalizing on soaring energy prices, and the company’s strategic shift highlighted how fossil fuels continue to be the profit drivers for the industry’s biggest players.

Read More on The Wall Street Journal