Wow, even the far-right sites are reporting that the BP guy is actually saying that profits are down and clean energy investments are down. This from the Daily Caller:

CEO Bernard Looney of British oil giant BP has expressed plans to scale down the firm’s green energy investments as some have struggled to meet expectations, The Wall Street Journal reported Wednesday, citing anonymous sources familiar with the matter.

Looney intends to deemphasize ESG objectives and reassure investors that the company is focused on using its competitive advantages — including in oil and gas — to maximize returns, the WSJ reported. Though he has expressed disappointment in the performance of some green investments, Looney has characterized the move as a short-term readjustment and a BP spokesman referred the WSJ to previous statements the company has made stressing its commitment to reducing carbon emissions.

BP, alongside fellow British oil giant Shell, has struggled to keep up with U.S. competitors, with shares in the U.S.-based Exxon Mobil nearly doubling since January 2020 while BP’s have climbed just 7%,