BP to slash spending on net zero ventures as it focuses on oil and gas again
British energy company BP confirmed Wednesday that it would slash spending on green ventures and increase its oil and gas ...
BP to pivot back to oil, cut green spending in strategic reset but stock drifts lower
BP (NYSE:BP) -1.4% pre-market Wednesday after unveiling its anticipated strategic reset to raise annual oil and gas spending ...
Rigzone35m
BP Refocuses on Oil Amid Elliott Pressure, But Cuts Buybacks
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 ...
eNCA42m
BP ditches climate targets in pivot back to oil and gas
BP will increase oil and gas investment to around $10 billion per year, making up two-thirds of capital expenditure, it added ...
BP Boosts Oil and Gas Spending as Energy Giant Pivots From Low-Carbon Focus
BP said it would increase its oil and gas investments to about $10 billion a year as it pivots away from its low-carbon ...
Hosted on MSN50m
BP to boost fossil fuel spending and consider future of electric car chargers despite U-turn backlash
BP has announced it will "reset" its ethos by being "selective" with investment for electric vehicle charging, as well as the ...
Upstream56m
'Too far, too fast': BP reveals strategy reset
Chief executive Murray Auchincloss has succumbed to pressure from shareholders to reduce BP' exposure to the lower margin ...
BP to slash renewables spending in pivot back to oil and gas
BP has returned to its oil and gas roots, pledging to slash spending on renewable energy as it tries to catch up with rivals, ...
Global Witness59m
Global Witness billboards highlight BP’s climate backtracking to investors
Global Witness' investigative campaigners have taken aim at BP's u-turn on its green promises with ad van billboards around ...