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

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

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 ...

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

BP has confirmed it will abandon its green renewable power ambitions by increasing its oil and gas investment to $10bn a year ...

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

Oil major BP is considering a potential sale of its lubricants business, Castrol, which could be worth about $10 billion in a ...

BP is set to increase its annual investments in oil and gas to $10 billion, signaling a shift back to fossil fuels under CEO ...

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

BP PLC (BP) is reportedly considering selling its lubricants division, Castrol, amid growing pressure from activist investor ...

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

The energy giant is betting big on fossil fuels again, slashing green investments and setting the stage for a major shake-up.