On Wednesday, Murray Auchincloss, the chief executive of BP, admitted it “went too far, too fast” in its shift to net zero.

BP slashes green energy spending and turns back towards fossil fuels BP is making a drastic pullback from renewables in ...

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

British petroleum presented one New and “radical” reorganization strategy of his activities and the reallocation of the ...

On Wednesday the company said it now plans to increase investment in oil and gas exploitation by 20 percent, to around $10 ...

Nvidia on Wednesday reported a surge in fourth-quarter profit and sales as demand for its specialized Blackwell chips which ...

BP dropped a bombshell on February 26, 2025, unveiling a “fundamentally reset” strategy that pumps the brakes on its green ...

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

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

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

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.