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

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

BP is set to increase its annual investments in oil and gas to $10 billion, signaling a shift back to fossil fuels under CEO ...

BP said it would increase its oil and gas investments to about $10 billion a year as it pivots away from its low-carbon ...

BP Plc announced a major pivot back to its core oil and gas business and promised to sell assets and reduce spending, but ...

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

BP said on Wednesday it would increase annual oil and gas investment to $10 billion, returning the focus to fossil fuels, as ...

BP PLC (BP) is reportedly considering selling its lubricants division, Castrol, amid growing pressure from activist investor ...

BP slashed planned investment in renewable energy and said Wednesday that it would increase annual oil and gas spending to $10 billion, in a major strategy shift aimed at boosting earnings and ...

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 Murray Auchincloss has succumbed to pressure from shareholders to reduce BP' exposure to the lower margin ...

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