BP slashed planned investment in renewable energy and said on Wednesday it would increase annual oil and gas spending to $10 ...

BP will increase oil and gas investment to around $10 billion per year, making up two-thirds of capital expenditure, it added ...

BP said it would increase its oil and gas investments to about $10 billion a year as it pivots away from its low-carbon ...

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

BP has returned to its oil and gas roots, pledging to slash spending on renewable energy as it tries to catch up with rivals, ...

BP is dramatically scaling back its energy transition plans, cutting investment in renewables while ramping up oil and gas ...

BP initially pledged in 2020 under former CEO Bernard Looney to cut oil and gas production by 40% while expanding its ...

The oil major slashed planned annual investment in transition businesses by more than $5 billion than its previous forecast, ...

BP slashed planned investment in renewable energy and said Wednesday that it would increase annual oil and gas spending to $10 billion, in a major strategy shift aimed at boosting earnings and ...

BP shares fell about 1% in London trading. Auchincloss is set to lay out further details of his plan to revive the energy ...

Larger oil majors Shell (SHEL) and Exxon-Mobil (US:XOM) have held on to buyback programmes that are worth $14bn and $20bn on an annual basis, respectively. BP's shareholder payouts will now be 30-40 ...