BP is set to slash its renewable energy investments to focus on increasing oil and gas production, according to new reports.

BP Plc’s “fundamental reset” on Wednesday is the most highly anticipated strategy shift for an oil major in several years.

The energy giant will announce its strategy later after rivals also rowed back on green energy plans.

The Houston oil giant is abandoning its goal of growing its renewable generation capacity 20-fold by 2030, Reuters reports.

BP's current price/earnings ratio is attractive, and activist involvement could unlock further value. See why I rate BP stock ...

BP's 'fundamental reset' on Wednesday is the most highly anticipated strategy shift for an oil major in several years.

The oil giant was criticised by environmental groups amid forecasts that it will roll back pledges made five years ago in a ...

BP Plc is set to announce a potential sale of its lubricants business and abandon plans to cut oil and gas output as it embarks on a shift away from renewable energy amid pressure from activist ...

BP (BP) will do away with its pledge to reduce oil and gas output and announce at least one major divestment at its investor day on Wednesday ...

BP PLC is an integrated oil and gas company. Its business activities involved oil and natural gas exploration, midstream transportation, supply and trading of crude oil, petrochemicals products and ...