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

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 comes in response to pressure from investors, notably from activist hedge fund Elliot management. View on euronews ...

Oil and gas giant BP wants to sell stake in Lightsource BP just four months after completing full takeover of the renewables developer. New “strategy reset” will also cut company’s investment in ...

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

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