Oil major BP boosts annual fossil fuel spending to $10 billion in strategy reset
BP on Wednesday announced plans to increase annual oil and gas investment to $10 billion through 2027 as part of a ...
BP Refocuses on Oil Amid Elliott Pressure, But Cuts Buybacks
BP Plc announced a major pivot back to its core oil and gas business and promised to sell assets and reduce spending, but ...
BP takes the axe to investment in renewables in huge strategy U-turn
Rethink comes five years after BP set some of the most ambitious targets among large oil companies to cut production of oil ...
BP to slash renewables spending in pivot back to oil and gas
BP will spend $10bn a year on producing more oil and gas, slash its spending on renewable energy and sell $20bn of assets as it tries to revive its share price under pressure from activist investor ...
BP ramps up oil and gas spending to $10 billion as CEO rebuilds confidence
BP said on Wednesday it would increase annual oil and gas investment to $10 billion, returning the focus to fossil fuel, as ...
BP to Prepare Lubricants Sale, Ditch Plan to Cut Oil Output in Strategy Review
BP Plc is set to announce a potential sale of its lubricants business and abandon plans to cut oil and gas output as it ...
BP to increase oil and gas investment despite pace of global warming
Oil and gas giant BP has again slashed its renewable energy investment and announced more funding for fossil fuel production.
BP slashes green investment and focus on oil and gas
BP has announced it will slash its renewable energy investments and instead focus on increasing oil and gas production. The ...
BP’s Strategy Reset: Five Things to Watch as Elliott Circles
BP Plc’s “fundamental reset” on Wednesday is the most highly anticipated strategy shift for an oil major in several years.