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BP CEO Bernard Looney says he will not further scale back his energy transition strategy after ceding some ground earlier this year, despite investors penalizing the group over its plan to break away from rivals in cutting oil and gas output.

BP CEO Bernard Looney says he will not further scale back his energy transition strategy after ceding some ground earlier this year, despite investors penalizing the group over its plan to break away from rivals in cutting oil and gas output.

BP CEO Bernard Looney says he will not further scale back his energy transition strategy after ceding some ground earlier this year, despite investors penalizing the group over its plan to break away from rivals in cutting oil and gas output.

Last week, Shell boss Wael Sawen told the BBC that cutting oil and gas production would be "dangerous and irresponsible".

In an interview with the BBC published on Thursday, Shell CEO Wael Sawan said cutting oil and gas production would be "dangerous and irresponsible", given the likely impact on prices when inflation is already high.