BP, the British Oil major, said it is refocusing the company on its core oil and gas business and reducing investments in clean energy.

BP has unveiled its new business strategy. The oil and gas company has promised to increase its fossil fuel investments by 20 ...

BP is set to announce at the capital markets day that it is scaling back its 2030 renewables goal to 50GW instead of a ...

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

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

“Pumping money into more oil and gas increases the risk of climate impacts for us all, flies in the face of legal climate targets, and with the renewables sector growing exponentially is a big risk to ...

BP plc BP, the British oil and gas giant, has inked an agreement with Iraq for the redevelopment of four oilfields in Kirkuk. This is a significant development for Iraq, given that its oil and gas ...

The latest Market Talks covering Energy and Utilities. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and ...

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.

BP said it will reduce its spending on net zero transition businesses by $5 billion a year to up to 2 billion. BP will ...

European energy company BP announced Wednesday that it is cutting back on green energy goals and is instead refocusing on ...

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