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

BP has returned to its oil and gas roots in a spectacular about-turn following its trailblazing attempt five years ago to ...

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.

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 ...

In an industry where timing is everything, BP made the right bet at the wrong time,” says one professor who has studied its ...

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

British energy giant BP launched a major pivot back to its more profitable oil and gas business Wednesday, shelving its once ...

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

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

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