BP slashed planned investment in renewable energy and said on Wednesday it would increase annual oil and gas spending to $10 ...

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

BP has returned to its oil and gas roots in a spectacular about-turn following its trailblazing attempt five years ago to ...

British energy company BP has confirmed it is to slash spending on green ventures and up its oil and gas production ...

BP said it would increase its investments in oil and gas by about 20% to $10bn (£7.9bn) a year, while decreasing previously ...

BP has abandoned a radical attempt to reinvent itself as a green energy company, bowing to pressure from investors after its ...

Many groups say that long term BP and others are pursuing a no-win strategy. Climate concerns will become so acute that much ...

Petroleum giant BP said on Wednesday that it plans to boost its annual oil and gas spending to $10 billion through 2027 as ...

Elliott Investment Management is ramping up pressure on BP Plc after its new strategy fell short of the activist investor’s ...

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

The energy giant will announce its strategy later after rivals also rowed back on green energy plans.

British oil major BP on Wednesday announced plans to increase annual oil and gas investment to $10 billion as part of a ...