The energy giant said it would cut planned investment in clean energy and redirect spending toward fossil fuels.

BP slashed planned investment in renewable energy and said on Wednesday it would increase annual oil and gas spending to $10 ...

BP unveils anticipated strategic reset to raise annual oil and gas spending to $10B while cutting planned spending in energy ...

British oil major BP on Wednesday announced plans to increase annual oil and gas investment to $10 billion as part of a ...

British oil major BP on Wednesday announced plans to increase annual oil and gas investment to $10 billion as part of a ...

British oil giant BP (BP) is pivoting its focus back to its core business of oil and gas while lowering spending on ...

Speaking at the G-20 meeting of finance ministers and central bank governors in Cape Town, Reeves said trade and investment ...

BP Plc’s “fundamental reset” on Wednesday is the most highly anticipated strategy shift for an oil major in several years.

Activist investor Elliott was last night poring over BP’s new strategy after the energy giant admitted its rush to Net Zero ...

BP said it will reduce its spending on net zero transition businesses by $5 billion a year to up to 2 billion. BP will ...

Chief executive Murray Auchincloss has succumbed to pressure from shareholders to reduce BP' exposure to the lower margin ...

In addition to divesting $20 billion of assets, BP plans to slash investments in renewables and boost growth elsewhere.