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

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 on Wednesday it would increase annual oil and gas spending to $10 ...

BP announced Wednesday that it will increase annual investments in oil and gas to $10 billion through 2027, marking a ...

BP will increase oil and gas investment to around $10 billion per year, making up two-thirds of capital expenditure, it added ...

BP said it would increase its oil and gas investments to about $10 billion a year as it pivots away from its low-carbon ...

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

BP has returned to its oil and gas roots, pledging to slash spending on renewable energy as it tries to catch up with rivals, ...

BP is dramatically scaling back its energy transition plans, cutting investment in renewables while ramping up oil and gas ...

BP initially pledged in 2020 under former CEO Bernard Looney to cut oil and gas production by 40% while expanding its ...

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