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

BP is increasing its oil and gas investment to $10bn (£7.9bn) a year as part of a net zero “reset” that involves the company ...

BP is set to increase its annual investments in oil and gas to $10 billion, signaling a shift back to fossil fuels under CEO ...

Supermajor sets out to please shareholders and stave off takeover threat as it drops iconic pledge to produce less oil by the ...

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

BP said on Wednesday it would increase annual oil and gas investment to $10 billion, returning the focus to fossil fuels, as ...

The move comes amid investor pressure, with shareholders unhappy about BP's underperformance compared to rivals like Shell and Exxon. BP's CEO Murray Auchincloss called it a "fundamental reset" aimed ...

BP Plc announced a major pivot back to its core oil and gas business and promised to sell assets and reduce spending, but ...

Chief executive Murray Auchincloss has succumbed to pressure from shareholders to reduce BP' exposure to the lower margin ...

The fossil fuels giant said it would increase oil and gas investment by about 20% to £7.9 billion a year as part of a major ...

Embattled oil major BP on Wednesday unveiled what it billed as a strategic reset, planning to increase oil and gas investment ...

BP is to ramp up its oil and gas production while cutting its investments in renewables. BP’s decision to cut its investment ...