U.S. President Joe Biden on Monday called on major oil companies to stopexpects to pay
Auchincloss would not comment on Biden's statement, but said that BP is increasing the number of drilling rigs in the Gulf of Mexico and shale basins to boost output. BP's shares have gained more than 45% this year, buoyed by stronger oil and gas prices, but they have trailed gains by Shell and U.S. rivals Exxon Mobil and ChevronA view of a signage outside a BP petrol station in central London, Britain, August 2, 2022. REUTERS/Henry NichollsChief Executive Bernard Looney is leading BP's pivot away from oil and gas to renewables and low-carbon energy in an effort to reduce greenhouse gas emissions.
Its latest result was helped by "an exceptional gas marketing and trading result" as well as higher gas prices, offsetting weaker refining margins and "average" oil trading.Leading U.S. LNG exporter Freeport LNG has informed BP it expects to resume cargo deliveries this month after a lengthyBP holds the largest offtake contract from Freeport at 4.4 million tonnes per annum through 2040.
Let them invest it. Let them drill, Biden. No excuse for high gas prices.
When supply is forced down, demand is forced up. With increased rarity, comes increased pricing. If Democrats understood basic supply chain economics they wouldn’t have done that… …unless they DID know, and it was all part of their “great reset” all along. They always knew.
the truth of 'trickle-down' in action right here. you start at the top and trickle up in practice