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

BP will redevelop 3 billion barrels of oil equivalent across five fields in Iraq, all of which are currently operated by ...

Global Witness' investigative campaigners have taken aim at BP's u-turn on its green promises with ad van billboards around ...

BP said it would increase annual oil and gas spending to $10 billion and cut planned annual investment in energy transition businesses by more than $5 billion.

“Today we have fundamentally reset BP’s strategy,” CEO Murray Auchincloss said in a press release. "We are reducing and ...

LONDON (AP) — British energy company BP confirmed Wednesday that it would slash spending on green ventures and increase its ...

The move follows pressure from some investors to boost profits at the firm, but has also angered environmental groups.

BP executives admit they went 'too far, too fast' chasing low carbon investments, but will investors swallow new plan?

BP has confirmed it will slash spending on net-zero transition businesses by more than £5bn (£3.95bn) a year, and significantly ramp up its oil and gas operations.

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

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