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Story summary
- Oil majors plan a 14% average output increase from 2024-2030 despite record heatwaves.
- Six European majors lifted profits 43% to $22 billion since 2022, withdrawing green-energy pledges.
- U.S. President Donald Trump’s administration provides cover that lets Exxon target a 25% rise and Chevron a 15% rise by 2030.
- BP cut renewable investment by $3 billion, doubled quarterly profit and shifted spending to oil and gas.
