The retreat on renewables has been described as a "last-ditch attempt to cash in" against the rising tide of the energy transition.

BP’s chief executive wants to more than double the oil major’s market value to $200bn within five years, restoring the company to the level it achieved before the 2010 Deepwater Horizon disaster.

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

British petroleum presented one New and “radical” reorganization strategy of his activities and the reallocation of the ...

European energy company BP announced Wednesday that it is cutting back on green energy goals and is instead refocusing on ...

Nvidia on Wednesday reported a surge in fourth-quarter profit and sales as demand for its specialized Blackwell chips which ...

BP dropped a bombshell on February 26, 2025, unveiling a “fundamentally reset” strategy that pumps the brakes on its green ...

BP, the British Oil major, said it is refocusing the company on its core oil and gas business and reducing investments in clean energy.

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

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

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

British energy giant BP is reportedly set to abandon its renewable energy targets and return to its fossil fuel roots in a ...