Chief executive tells the Financial Times there will be “tremendous demand” for oil and gas and expects majority of company's ...

BP's (NYSE:BP) deal to redevelop oil and gas fields in Iraq's Kirkuk region eventually will be viewed as of the company's ...

Elliott Investment Management is ramping up pressure on BP Plc after its new strategy fell short of the activist investor’s ...

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

The British petroleum giant laid out plans Wednesday to boost spending on fossil fuels as it dials back renewable energy ...

BP shifts strategy to boost oil output, cut green investments, and enhance shareholder returns with 20% free cash flow growth ...

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.

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

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

Those include activist hedge fund Elliott Management, which recently took a stake in BP with a view to pushing for ...

BP Plc Chief Executive Officer Murray Auchincloss said he slept “like a baby” after unveiling the oil major’s turnaround program, despite a lukewarm reception from shareholders.Most Read from ...

The Houston oil giant is abandoning its goal of growing its renewable generation capacity 20-fold by 2030, Reuters reports.