BP has appointed Carol Howle as deputy CEO, tasked with overseeing the company's portfolio review and strategy development. The company is shifting focus back to oil and gas, cutting billions from renewable projects, and plans to divest $20 billion in assets by 2027. BP's net debt has decreased from $26 billion to $22 billion, with a target range of $14 billion to $18 billion by the end of 2027.
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