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Compared with last year’s net income of GBP 10.3 (USD billion in netdebt, reducing total debt to GBP 17.5 (USD In 2019, the company announced that it plans to reduce its oil and gas output by 40% by 2030. billion to the bottom line by 2030. billion, profit increased by an unbelievable 120%.
The first is that my portfolio has held up well this year, in a market that has been top-heavy and tech-driven, and one big reason is that it contains both NVIDIA and Microsoft, two companies that have benefited from the AI story. Love-Hate Relationship with Markets! I will start this post with a couple of confessions.
By 2030, the company plans to increase its renewable capacity to 4 Gigawatt from currently 0.2 I think that the market is too pessimistic about the long-term outlook. Its net-debt to equity ratio stood at 0.9x Transition takes long time, but should pay off in future. In addition, it shifts from coal production to gas.
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