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.

British energy company BP confirmed Wednesday that it would slash spending on green ventures and increase its oil and gas ...

Oil futures edged lower early Wednesday, maintaining a weak tone on concerns over the global economic outlook and the potential for a halt to Russia's war on Ukraine that could result in sanctions on ...

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

BP announced on Wednesday that it would increase its annual oil and natural gas investment by $10 billion. This will return ...

"It's a radical shift," Chief Executive Murray Auchincloss said in an interview. BP would focus on pumping more oil in the U.S., where the company is a big offshore producer, and in Middle Eastern ...

President Donald Trump effectively ended the National Environmental Policy Act, but some activists are still fighting.

British oil giant BP (BP) is pivoting its focus back to its core business of oil and gas while lowering spending on ...

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 ...

The European Commission proposed on Wednesday to make 100 billion euros ($104.97 billion) available to support EU-made clean ...

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