LONDON (Reuters) – BP (BP.L) on Tuesday hosted an investor day in Denver with interim CEO Murray Auchincloss highlighting its commitment to finances and carbon reduction ambitions. announced that it would continue.
This is the first major investor event since Bernard Looney abruptly resigned as CEO last month after failing to fully disclose his relationship with a colleague, and Auchincloss took over. It became.
“BP’s strategy, financial framework and net zero ambitions remain unchanged,” the energy group said in a statement.
“BP remains focused on safely executing a disciplined strategy on a quarterly basis to achieve our 2025 and 2030 goals.”
The company aims to achieve net zero carbon emissions by 2050 and invest billions of dollars in renewable, low-carbon electricity. In February, BP scaled back plans to cut oil and gas production from 40% to 25% of 2019 levels by 2030.
In its presentation, BP raised its 2030 earnings before interest, tax, depreciation, and amortization (EBITDA) outlook for its oil and gas business by $2 billion to $41 billion to $44 billion at an average oil price of $70 a barrel. did.
Companywide EBITDA, including renewable energy and low-carbon businesses, is expected to reach $53 billion to $58 billion, up from $51 billion to $56 billion previously.
Report by Ron Bousso. Edited by: Tomasz Janowski, Susan Fenton, Emelia Sithole-Matarise
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