BP Just Pulled a Massive U-Turn--Oil Is Back, and Investors Are Watching Closely
The energy giant is betting big on fossil fuels again, slashing green investments and setting the stage for a major shake-up.
BP doubles down on oil and gas, cuts renewable investments in strategy reset
BP announces its big "reset" on Wednesday, and Wall Street expects a pivot away from renewables and a doubling down on oil ...
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BP scraps renewables target, returns to oil and gas in strategy reset
BP is also hoping to raise at least $20bn (€19bn) by selling assets before the end of 2027. Businesses that may be sold off include Castrol lubricants, as well as the solar power developer Lightsource ...
BP cuts renewable investment and boosts oil and gas in strategy shift
BP slashed planned investment in renewable energy and said on Wednesday it would increase annual oil and gas spending to $10 ...
BP to spend $10B annually on oil and gas, scaling back renewable energy plans
BP has decided to reduce its investment in renewable energy and increase its spending on oil and gas to $10 billion annually, ...