Oil and gas giant BP has again slashed its renewable energy investment and announced more funding for fossil fuel production.

(Alliance News) - BP PLC on Wednesday said it will slash renewable spending, up oil and gas investment as the company set out a plan to "fundamentally reset strategy".

BP is set to slash its renewable energy investments to focus on increasing oil and gas production, according to new reports.

The oil giant was criticised by environmental groups amid forecasts that it will roll back pledges made five years ago in a ...

The energy giant will announce its strategy later after rivals also rowed back on green energy plans.

British energy giant BP is set Wednesday to announce a shakeup to its strategy after a difficult trading year and as ...

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

BP Plc is set to announce a potential sale of its lubricants business and abandon plans to cut oil and gas output as it embarks on a shift away from renewable energy amid pressure from activist ...

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's 'fundamental reset' on Wednesday is the most highly anticipated strategy shift for an oil major in several years.

BP's current price/earnings ratio is attractive, and activist involvement could unlock further value. See why I rate BP stock ...