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

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.

Global Witness' investigative campaigners have taken aim at BP's u-turn on its green promises with ad van billboards around ...

BP will redevelop 3 billion barrels of oil equivalent across five fields in Iraq, all of which are currently operated by ...

LONDON (AP) — British energy company BP confirmed Wednesday that it would slash spending on green ventures and increase its ...

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.

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 ...

BP, the British Oil major, said Wednesday it is refocusing the company on its core oil and gas business and reducing ...

In a highly anticipated strategy update, BP Chief Executive Officer Murray Auchincloss scrapped a plan to pull back from oil and gas and pledged to grow production slightly instead. He also cut ...

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