LONDON (Reuters) - BP has abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scales back the firm's energy transition strategy to regain investor confidence, three sources with knowledge of the matter said. When unveiled in 2020, BP's strategy was the sector's most ambitious with a pledge to cut output by 40% while rapidly...

FRANKFURT (Reuters) - Thyssenkrupp is reviewing plans for production of green steel, the German conglomerate said late on Sunday, responding to a report that it was considering halting a 3-billion-euro ($3.3 billion) decarbonisation project. The crisis-ridden company is currently reviewing the business plan for its steel division, TKSE, including plans for its green transformation, which refers to the carbon-neutral production...

TOKYO, Oct 7 (Reuters) - Tokyo Metro set a tentative initial public offering (IPO) range of 1,100 to 1,200 yen per share, against an initial estimate of 1,100 yen, a regulatory filing showed on Monday. The final IPO price of Tokyo Metro, one of two subway operators based in Japan's capital, will be decided on Oct. 15 before the Tokyo...

LONDON (Reuters) -Shell's refining profit margins dropped sharply in the third quarter from the previous three months as global demand sagged, while oil product trading earnings also weakened, it said on Monday. In a trading update ahead of its quarterly results on Oct. 31, Shell said its indicative refining margins dropped by nearly 30% to $5.5 a barrel in the...