BP pivots back to oil and gas after ‘misplaced’ faith in green energy
BP has abandoned a radical attempt to reinvent itself as a green energy company, bowing to pressure from investors after its ...
BP shifts more to oil and gas production in a move to focus less on renewables
BP, the British Oil major, said it is refocusing the company on its core oil and gas business and reducing investments in clean energy.
Oil major BP to slash renewable spending and double down on fossil fuels in strategy reset
British oil major BP on Wednesday announced plans to increase annual oil and gas investment to $10 billion as part of a ...
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, ...
BP to drop renewables goals and shift focus back to fossil fuels
BP CEO Murray Auchincloss will tell investors the company is abandoning its target to grow renewable generation capacity ...
BP’s overhaul can start with a new Chair
BP has a laundry list of problems. The $93 billion UK oil major has a confused strategy, an overleveraged balance sheet, and ...
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Exclusive: BP to ditch renewables goals and return focus to fossil fuels
The capital markets day was originally scheduled for February 11 in New York ... and solar. BP would also benefit from selling its Castrol lubricants and its network of service stations to ...