BP has returned to its oil and gas roots in a spectacular about-turn following its trailblazing attempt five years ago to ...
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 ...
British energy company BP has confirmed it is to slash spending on green ventures and up its oil and gas production.
BP has abandoned a radical attempt to reinvent itself as a green energy company, bowing to pressure from investors after its ...
In addition to divesting $20 billion of assets, BP plans to slash investments in renewables and boost growth elsewhere.
British energy giant BP launched a major pivot back to its more profitable oil and gas business Wednesday, shelving its once ...
But BP has struggled to reduce its debt load and the moves have failed to ignite its share price, leading to speculation ...
BP announces its big "reset" on Wednesday, and Wall Street expects a pivot away from renewables and a doubling down on oil ...
The British petroleum giant laid out plans Wednesday to boost spending on fossil fuels as it dials back renewable energy ...
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.
Chief executive tells the Financial Times there will be “tremendous demand” for oil and gas and expects majority of company's ...