Iraq and oil major BP have signed a deal to redevelop four Kirkuk oil and gas fields, BP said on Tuesday, a breakthrough for Iraq, where output has been constrained by years of war, corruption and sectarian tensions.

Amid dueling rehabilitation schedules, Los Angeles Dodgers star Shohei Ohtani took batting practice on Sunday for the first time since offseason shoulder surgery for an injury that occurred during the World Series in October.

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BP CEO Murray Auchincloss is announcing plans to ditch the company's goal of growing renewable generation capacity 20-fold by 2030 and instead return focus to fossil fuels, Reuters reports. The goal measured growth from 2019 figures.

Iraq and oil major BP signed a deal to redevelop four Kirkuk oil and gas fields, Iraq's state news agency reported on Tuesday. The deal marks a breakthrough for Iraq, where output has been constrained by years of war,

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BP Plc’s Greater Tortue Ahmeyim project is set to export its first liquefied natural gas cargo from offshore fields in Senegal and Mauritania.

BP will abandon its pledge to reduce oil and gas output and announce at least one major divestment at its investor day on Wednesday, said people familiar with the plan, as chief executive Murray Auchincloss battles to convince activist Elliott Management that he can turn around the energy major.

BP PLC BP shares slipped 2.15% to £4.37 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the FTSE 100 Index UKX rising 0.11% to 8,668.67. BP PLC closed 19.

A group of 48 institutional investors has called on BP to give shareholders a vote on any plan by the oil major to row back on its climate goals, setting up a potential clash with US activist hedge fund Elliott Management.

BP CEO Murray Auchincloss will tell investors the company is abandoning its target to grow renewable generation capacity 20-fold between 2019 and 2030 to 50 gigawatts.