In addition to divesting $20 billion of assets, BP plans to slash investments in renewables and boost growth elsewhere.

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

BP will increase annual oil and gas investments to $10 billion under CEO Murray Auchincloss, focusing on fossil fuels to ...

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

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

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.

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

But BP has struggled to reduce its debt load and the moves have failed to ignite its share price, leading to speculation ...

Petroleum giant BP said on Wednesday that it plans to boost its annual oil and gas spending to $10 billion through 2027 as ...

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

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 ...