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 impact has the coronavirus pandemic had on BP's plans?

What is BP's expected change in oil and gas production over the next decade?