BP slashes green spend, ups fossil fuel investments in strategy 'reset'
BP is to slash its investments into low-carbon and alternative fuels and raise its spending in oil and gas as part of fundamental "reset" to its strategy, the energy giant revealed on Wednesday, causing shares to drop into the red.
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 green energy in "shocking" strategy U-turn - Rethink comes five years after BP set ...
bp today introduced a fundamentally reset strategy, with significant capital reallocation, and plans to drive improved ...
BP is set to increase its annual investments in oil and gas to $10 billion, signaling a shift back to fossil fuels under CEO ...
BP Plc is set to announce a potential sale of its lubricants business and abandon plans to cut oil and gas output as it ...
Oil major BP is considering a potential sale of its lubricants business, Castrol, which could be worth about $10 billion in a ...
Chief executive Murray Auchincloss has succumbed to pressure from shareholders to reduce BP' exposure to the lower margin ...
BP PLC (BP) is reportedly considering selling its lubricants division, Castrol, amid growing pressure from activist investor ...
BP is scrapping its massive renewable energy targets and doubling down on fossil fuels--here's what it means for investors.
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