BP slashes ‘net zero’ renewable energy spending by $5 billion, turns to fossil fuels: What’s behind the strategy shift?

BP has confirmed it will abandon its green renewable power ambitions by increasing its oil and gas investment to $10bn a year ...

Following a difficult trading year, BP is pivoting back to its more profitable oil and gas business. Read more at ...

Boss Murray Auchincloss's case is that oil and gas will be in "robust" global demand until 2035, and his message to shareholders is he intends to exploit it for their benefit.

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

"It's a radical shift," Chief Executive Murray Auchincloss said in an interview. BP would focus on pumping more oil in the U.S., where the company is a big offshore producer, and in Middle Eastern ...

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

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 ...