In a highly anticipated strategy update, BP Chief Executive Officer Murray Auchincloss scrapped a plan to pull back from oil and gas and pledged to grow production slightly instead. He also cut ...

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

KEY TAKEAWAYS BP said it would invest more in oil and gas as it pivots away from its low-carbon strategy.BP said it would ...

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

BP has confirmed it will slash spending on net-zero transition businesses by more than £5bn (£3.95bn) a year, and significantly ramp up its oil and gas operations.

BP has announced a major strategic reset, increasing its investment in upstream oil and gas to $10 billion annually while ...

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

The White House and Ukraine struck a deal on strategic resources, a pact that speaks volumes about President Trump’s ...

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 said it would increase oil-and-gas investment to about $10 billion a year. - Martin Meissner/Associated Press. LONDON—BP ...