In 2023, BP swapped this target for a 25% reduction, following Russia’s invasion of Ukraine and Europe’s energy crisis. The firm had also pledged to boost renewable output 20-fold between 2019 and ...

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

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

British energy company BP has confirmed it is to slash spending on green ventures and up its oil and gas production.

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 ...

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

BP slashed planned investment in renewable energy and said Wednesday that it would increase annual oil and gas spending to $10 billion, in a major strategy shift aimed at boosting earnings and ...

BP unveils anticipated strategic reset to raise annual oil and gas spending to $10B while cutting planned spending in energy ...

Oil futures settled Tuesday at their lowest level of the year, with the economy and energy demand expected to take a hit from proposed U.S. tariffs on Canada and Mexico that may come into effect next ...