BP said it would increase annual oil and gas spending to $10 billion and cut planned annual investment in energy transition businesses by more than $5 billion.

The energy giant said it would cut planned investment in clean energy and redirect spending toward fossil fuels.

BP announces its big "reset" on Wednesday, and Wall Street expects a pivot away from renewables and a doubling down on oil ...

BP said it will reduce its spending on net zero transition businesses by $5 billion a year to up to 2 billion. BP will ...

BP announced on Wednesday that it would increase its annual oil and natural gas investment by $10 billion. This will return ...

"It's a radical shift," Chief Executive Murray Auchincloss said in an interview. BP would focus on pumping more oil in the U.S., where the company is a big offshore producer, and in Middle Eastern ...

BP slashes green energy spending and turns back towards fossil fuels - The move follows pressure from some investors to boost ...

In one fell swoop, the National Environmental Policy Act was effectively neutered by Trump, but in this small Newark ...

BP announced Wednesday that it will increase annual investments in oil and gas to $10 billion through 2027, marking a ...

Petroleum giant BP said on Wednesday that it plans to boost its annual oil and gas spending to $10 billion through 2027 as ...

British energy company BP has confirmed it is to slash spending on green ventures and up its oil and gas production.

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