BP is to ramp up its oil and gas production while cutting its investments in renewables. BP’s decision to cut its investment ...

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

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 ...

BP is increasing its oil and gas investment to $10bn (£7.9bn) a year as part of a net zero “reset” that involves the company ...

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 ...

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

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 ...

BP has confirmed it will slash spending on net zero transition businesses by £3.95bn a year and significantly ramp up its oil ...

The energy giant said it would cut planned investments in clean energy and redirect spending toward fossil fuels.

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