BP Weighs Ending Its 70-Year-Old Statistical Review of World Energy
In a move seen as part of BP's shift away from fossil fuels, the company said it may stop releasing its Statistical Review of World Energy, which it first published in 1952.
BP is considering ending the publication of its Statistical Review of World Energy, over 70 years after it first published the benchmark report, as the energy major focuses on its shift to renewables, the company told Reuters.
The Statistical Review has been a go-to resource for the wider energy sector since it was first published in April 1952, providing detailed data on global oil, gas, and coal production and consumption.
Led by BP's Chief Economist Spencer Dale in recent years, the report was expanded to include data on renewable energy and even minerals used for batteries.
However, the report has been seen by some BP executives as detrimental to the company's new direction, sources told Reuters.
A BP spokesperson confirmed the company has launched an internal review of the report.
"We're looking at options for publishing the annual Statistical Review of World Energy, but as yet we've taken no decision," the company said.
"The world of energy is changing fast and becoming ever more complex, and our energy and economics team are focused on understanding different elements of the energy transition and their implications for BP."