LONDON : BP said it would boost oil-and-gas production and sharply cut investments in clean energy, pivoting back to fossil ...

The latest Market Talks covering Energy and Utilities. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and ...

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

US-based activist investor Elliott, run by notorious New York hedge fund tycoon Paul Singer (right), has built a nearly £4bn ...

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

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 ...

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.

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

BP announces its big "reset" on Wednesday, and Wall Street expects a pivot away from renewables and a doubling down on oil ...

In an industry where timing is everything, BP made the right bet at the wrong time,” says one professor who has studied its ...

The company will increase upstream spend to 75% of group capex (70% oil, 30% gas on average) as it simultaneously plans to become more selective with energy transition ...