BP to slash spending on net zero ventures as it focuses on oil and gas again
British energy company BP has confirmed it is to slash spending on green ventures and up its oil and gas production.
BP to pivot back to oil, cut green spending in strategic reset but stock drifts lower
BP (NYSE:BP) -1.4% pre-market Wednesday after unveiling its anticipated strategic reset to raise annual oil and gas spending ...
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BP Refocuses on Oil Amid Elliott Pressure, But Cuts Buybacks
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 ...
BP Boosts Oil and Gas Spending as Energy Giant Pivots From Low-Carbon Focus
KEY TAKEAWAYS BP said it would invest more in oil and gas as it pivots away from its low-carbon strategy.BP said it would ...