The jump in profits from a year earlier comes as BP says it expects oil demand to recover in 2021 due to strong growth in the US and China as COVID-19 vaccination programs accelerate.
The company presented steep targets for reducing carbon intensity between 6% and 8% by 2023, 20% by 2030, 45% by 2035 and a full 100% by 2050. Oil production is expected to decline 1% to 2% each year.
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