BP will abandon its pledge to reduce oil and gas output and announce at least one major divestment at its investor day on ...

Renewable output is set to become less of a priority, while the pledge to reduce oil and gas output may be officially ...

The Houston oil giant is abandoning its goal of growing its renewable generation capacity 20-fold by 2030, Reuters reports.

BP is reportedly set to ditch renewable energy targets and double down on fossil fuels to regain investor confidence Read ...

BP Plc’s “fundamental reset” on Wednesday is the most highly anticipated strategy shift for an oil major in several years.

BP CEO Murray Auchincloss will tell investors the company is abandoning its target to grow renewable generation capacity ...

Will chief executive Murray Auchincloss be able to deliver a ‘fundamental change’ in strategy at key investor meeting to ...

BP chairman Helge Lund (pictured), has overseen a number of strategy U-turns since taking the helm in 2019. Shares have since ...

BP's 'fundamental reset' on Wednesday is the most highly anticipated strategy shift for an oil major in several years.

“Boy, his hat is crises!” said Bob Dudley, former BP CEO and a mentor to Auchincloss. “I always said to Murray: management ...

Murray Auchincloss will announce BP is switching its focus back to fossil fuels amid mounting pressure from investors over ...