BP Plc’s crucial strategy reset, which included a pivot back to oil and promises to sell assets, appeared to win few plaudits ...

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

BP Plc’s “fundamental reset” on Wednesday is the most highly anticipated strategy shift for an oil major in several years.

BP Plc is set to announce a potential sale of its lubricants business and abandon plans to cut oil and gas output as it ...

BP has announced a major strategic reset, increasing its investment in upstream oil and gas to $10 billion annually while ...

In a highly anticipated strategy update, BP Chief Executive Officer Murray Auchincloss scrapped a plan to pull back from oil and gas and pledged to grow production slightly instead. He also cut ...

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

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

BP is considering a potential sale of its lubricants business in a deal that could fetch ~$10B, Bloomberg reports.

This latest scaleback comes as BP faces pressure from activist investor Elliott Management, which reportedly took a 5% share ...

BP (BP) will do away with its pledge to reduce oil and gas output and announce at least one major divestment at its investor day on Wednesday ...

(Bloomberg) -- Elliott Investment Management is demanding BP Plc make drastic cost cuts and divestments to strengthen its future as a standalone company, people with knowledge of the matter said.