BP Shifting Strategy Toward Clean Energy Production

BP is focusing on clean energy, planning a tenfold increase in low carbon investments to $5 billion by 2030, and aiming for net zero emissions by 2050. To fund this shift, BP will cut dividends and has already implemented a restructuring plan with 10,000 job cuts. The pandemic has accelerated these plans due to reduced fuel demand, and BP expects a 40% drop in oil and gas production over the next decade.

What is BP's target year to achieve net zero emissions?

• 2030

• 2060

• 2040

• 2050

How much does BP plan to invest in low carbon initiatives by 2030?

• $1 billion

• $10 billion

• $3 billion

• $5 billion

What is one of the measures BP is taking to fund its strategic shift?

• Cutting dividends for investors

• Raising fuel prices

• Expanding into new markets

• Increasing oil production

How many jobs is BP cutting as part of its restructuring plan?

• 15,000

• 20,000

• 10,000

• 5,000

By what percentage does BP expect its oil and gas production to decrease over the next decade?

• 40%

• 30%

• 20%

• 50%