The energy giant was vague on details, but analysts say the changes is likely to include less spending on renewable sources and a bigger investment in oil and natural gas production.

To wean itself off Russian natural gas, Europe has found new sources of energy, including imports from the United States. But high costs are straining the economy.

A court ruling requires the British government to consider the potential climate impact of the oil and gas produced in the North Sea.

The energy giant is spending nearly $50 billion to expand the Tengiz oil field, allowing it to pump one million barrels a day.

Periods of low sun and wind, a weather pattern known as a Dunkelflaute, can increase electricity prices and stoke political tensions.