BP plans to increase production of its more profitable oil and gas business and slash investment in cleaner energy, the ...

BP today unveiled a massive strategy U-turn with a new emphasis on oil and gas investment and a massive downgrade of its ...

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

BP shares fell about 1% in morning trading in London. Auchincloss is set to lay out further details of his plan to revive the ...

BP Plc announced a major pivot back to its core oil and gas business and promised to sell assets and reduce spending, but shares fell as the company sharply cut buybacks.

BP said it plans to grow its upstream oil and gas business as it resets its strategy in an effort to grow cash flow and shareholder returns. The British oil and gas major said it has abandoned ...

(Alliance News) - BP PLC on Wednesday said it will slash renewable spending, up oil and gas investment as the company set out a plan to "fundamentally reset strategy".