Elliott Investment Management is ramping up pressure on BP Plc after its new strategy fell short of the activist investor’s ...

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's deal to redevelop oil and gas fields in Iraq's Kirkuk region eventually will be viewed as of the company's most ...

Elliott Investment Management is ramping up pressure on BP Plc after its new strategy fell short of the activist investor’s ...

BP has returned to its oil and gas roots in a spectacular about-turn following its trailblazing attempt five years ago to ...

BP Plc Chief Executive Officer Murray Auchincloss said he slept “like a baby” after unveiling the oil major’s turnaround program, despite a lukewarm reception from shareholders.Most Read from ...

Chief executive tells the Financial Times there will be “tremendous demand” for oil and gas and expects majority of company's ...

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BP said it would increase annual oil and gas spending to $10 billion and cut planned annual investment in energy transition businesses by more than $5 billion.

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

BP shifts strategy to boost oil output, cut green investments, and enhance shareholder returns with 20% free cash flow growth ...