At the CERAWeek conference in Houston yesterday, BP (BP) CEO Murray Auchincloss stated “With rising gas prices, the time has come for the Haynesville”, Reuters’ Ron Bousso reports. The company now aims to grow oil and gas production to between 2.3M and 2.5M boepd by 2030 after scrapping a previous goal to reduce output, the report states.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BP:
- Pay at the Pump – BP Urged by Investors to Sell off Gas Stations for $40B
- TotalEnergies short position disclosed by Elliott, FT reports
- BP Adjusts Share Capital and Voting Rights in March 2025
- BP price target raised to 450 GBp from 424 GBp at Morgan Stanley
- BP Stock Drills Lower as it Reshuffles Board to Keep Activist Elliott Happy