BP America said that it is increasing investment in onshore U.S. oil and gas business, mostly in Texas, from $1.7B in 2022 to $2.4B in 2023. The company also intends to raise its Gulf of Mexico investment to an average of $2.3B a year in 2023 to 2025 from $2B per year in the past five years. Dave Lawler, chairman and president of BP America, wrote, "We are proud of our 150-year history in the United States, and we’re committed to America for the long term as we transform our company in line with our ambition to reach net zero emissions by 2050 or sooner, and help the world get there too."
Published first on TheFly
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