BP today unveiled a massive strategy U-turn with a new emphasis on oil and gas investment and a massive downgrade of its commitment to green energy. Under pressure chief executive Murray Auchincloss ...

BP (NYSE: BP) just confirmed what many already suspected: Big Oil's renewable energy pivot was an expensive mistake. The British oil giant took a $5.4 billion write-down on its green energy portfolio ...

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 company is seeking to boost ...

LONDON -- British energy company BP confirmed Wednesday that it would reduce spending on green ventures and increase its oil and gas production, a change in direction that it hopes will bolster its ...

BP has appointed the first female chief executive in its 116-year history after the shock departure of its boss following pressure from activist investors. Oil and gas veteran Meg O’Neill will take ...

Meg O’Neill to return to upstream and downstream divisions after shift away from low carbon push BP’s new boss has set out plans to reinstate the company structure the fossil fuel supermajor ditched ...

A new chief executive is in place, along with a new chairman and a raft of other new faces in top leadership jobs. And the ...

LONDON — British energy company BP confirmed Wednesday that it would slash spending on green ventures and increase its oil and gas production, a change in direction that it hopes will bolster its ...

BP is selling its onshore wind business in the latest stage of its reverse away from renewable energy. The UK supermajor agreed a deal that will see LS Power acquire its 1.3 gigawatts of interests in ...

bp acquired a 40.5% stake in the project in 2022. Image: Australian Renewable Energy Hub. Oil and gas major bp has confirmed it will exit the Australian Renewable Energy Hub (AREH), a 26GW wind, solar ...

NEW YORKNEW YORK — BP brands itself a friend of the environment, an energy company that goes “beyond petroleum.” That image, worth billions of dollars, is being sullied by the company’s inability to ...