BP earnings soar as energy firm profits from rising prices

and reduce reliance on fossil fuels as the company seeks to cut net carbon emissions to zero by 2050. The company said it increased its pipeline of renewable energy projects by 10% in the first half of the year, primarily through an option to develop offshore wind farms off the east coast of Scotland and a global solar energy initiative.

“Our people have continued to work hard throughout the quarter helping to solve the energy trilemma — secure, affordable and lower carbon energy,” Chief Executive Bernard Looney said. “We do this by providing the oil and gas the world needs today — while at the same time investing to accelerate the energy transition.

Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

Tell Biden thank you

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BP reports its earnings tripled from rising gas, oil pricesThe good news for BP shareholders was bad news for consumers as soaring energy prices contribute to the cost-of-living crisis in Britain and around the world. Thank you for your service, bp.
Source: PennLive - 🏆 463. / 53 Read more »

BP reports its earnings tripled from rising gas, oil pricesThe good news for BP shareholders was bad news for consumers as soaring energy prices contribute to the cost-of-living crisis in Britain and around the world. Thank you for your service, bp.
Source: PennLive - 🏆 463. / 53 Read more »