BP PLC (LSE:BP.) has confirmed its ongoing commitment to reducing oil and gas output, despite recent upheavals in its executive leadership, according to a report in the Financial Times.
The assurance was given at a two-day investor event in Denver by the company's interim chief executive, Murray Auchincloss. He stated that BP's long-term objectives, including its net-zero ambitions, remain unaltered, the paper said.
The investor gathering was initially planned to highlight BP's significant investments in the United States, exceeding £100 billion since 2005.
However, the event took on new urgency following the abrupt exit of Bernard Looney last month for not disclosing relationships with colleagues.
This was compounded by the subsequent resignation of Dave Lawler, BP's leading executive in the US, causing a period of instability for the 113-year-old energy giant.
Auchincloss reportedly emphasised that BP is committed to "delivering its strategy safely, with disciplined delivery, quarter-on-quarter, to meet 2025 targets and 2030 aims". The statement aimed to reaffirm the company's strategic course and allay investor concerns in the light of recent executive departures.