BP plans to increase production of its more profitable oil and gas business and slash investment in cleaner energy, the ...

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

Supermajor sets out to please shareholders and stave off takeover threat as it drops iconic pledge to produce less oil by the ...

At an event in London this morning, Looney's successor, Murray Auchincloss, announced a major pivot away from green targets. He said: "Today we have fundamentally reset BP's strategy. We are reducing ...

Embattled oil major BP on Wednesday unveiled what it billed as a strategic reset, planning to increase oil and gas investment ...

The fossil fuels giant said it would increase oil and gas investment by about 20% to £7.9 billion a year as part of a major ...

BP has confirmed it will slash spending on net zero transition businesses by £3.95bn a year and significantly ramp up its oil ...

Oil and gas giant BP has again slashed its renewable energy investment and announced more funding for greater fossil fuel ...

BP today unveiled a massive strategy U-turn with a new emphasis on oil and gas investment and a massive downgrade of its ...

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

BP will increase annual oil and gas investments to $10 billion under CEO Murray Auchincloss, focusing on fossil fuels to ...

(Alliance News) - BP PLC on Wednesday said it will slash renewable spending, up oil and gas investment as the company set out a plan to "fundamentally reset strategy".