BP Shuns Renewables In Return To Oil And Gas. February 27th, 2025 \| 01:40 AM \| 110 views. WORLD BUSINESS. BP has announced it will cut its r ...

bp has returned to its oil and gas roots in a spectacular about-turn following its trailblazing attempt five years ago to become a renewables giant. The takeaway for Big Oil is that the energy ...

BP's announcement this week that it would cut investments in renewable energy projects and pivot back towards oil and gas ...

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

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

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

Elliott Investment Management plans to ramp up pressure on BP after the company's turnaround plan was seen as lacking in urgency and ambition, Bloomberg reports.

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(Alliance News) - BP PLC Chief Executive Officer Murray Auchincloss aims to more than double the London-based oil major's market value to USD200 billion within five years, the Financial Times reported ...

--Auchincloss plans on promoting the company to American investors but said that moving the company's listing to the U.S. was "not on the agenda", the FT reported. --Auchincloss declined to comment on ...

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