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 ...

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 ...

Those include activist hedge fund Elliott Management, which recently took a stake in BP with a view to pushing for ...

Embattled oil major BP on Wednesday unveiled what it billed as a strategic reset, planning to increase oil and gas investment while reducing outlays for greener fuels. Unveiling a delayed strategy ...

(Alliance News) - BP PLC on Wednesday said it will slash renewable spending, up oil and gas investment as the company set out a plan to "fundamentally reset strategy".