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flag BP is increasing U.S. shale drilling to boost oil output to 650,000 barrels daily by 2030, reversing prior renewable focus.

flag BP is ramping up U.S. shale drilling through its BPX unit, targeting 650,000 barrels of oil equivalent per day by 2030, up from about 500,000 today, reversing earlier focus on renewables. flag The move, led by CEO Matt Koontz, aims to boost production 8% in 2026 and reinvest $800 million in savings into international projects. flag Despite falling oil prices and pressure from activist investors, BP says short-term volatility won’t derail its long-term shale strategy, focusing on stable operations in the Permian, Eagle Ford, and Haynesville regions.

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