The fossil fuels giant said it would increase oil and gas investment by about 20% to £7.9 billion a year as part of a major ...

The move comes amid investor pressure, with shareholders unhappy about BP's underperformance compared to rivals like Shell and Exxon. BP's CEO Murray Auchincloss called it a "fundamental reset" aimed ...

BP plans to increase production of its more profitable oil and gas business and slash investment in cleaner energy, the ...

BP said on Wednesday it would increase annual oil and gas investment to $10 billion, returning the focus to fossil fuel, as ...

Oil and gas giant BP has again slashed its renewable energy investment and announced more funding for greater fossil fuel production. In a further row back of climate targets the company has said ...

Supermajor sets out to please shareholders and stave off takeover threat as it drops iconic pledge to produce less oil by the ...

Embattled oil major BP on Wednesday unveiled what it billed as a strategic reset, planning to increase oil and gas investment ...

Chief executive Murray Auchincloss has succumbed to pressure from shareholders to reduce BP' exposure to the lower margin ...

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

(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 said it plans to grow its upstream oil and gas business as it resets its strategy in an effort to grow cash flow and shareholder returns. The British oil and gas major said it has abandoned ...

British oil major BP on Wednesday announced plans to increase annual oil and gas investment to $10 billion as part of a ...