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.

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

The move comes in response to pressure from investors, notably from activist hedge fund Elliot management.View on euronews ...

The oil major slashed planned annual investment in transition businesses by more than $5 billion than its previous forecast, ...

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

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

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.

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

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 ...

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