BP to ‘Fundamentally Reset’ Strategy in Shift Back to Oil and Gas
The energy giant said it would cut planned investments in clean energy and redirect spending toward fossil fuels.
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’s going back to petroleum as it plans more oil spending and production
Embattled oil major BP on Wednesday unveiled what it billed as a strategic reset, planning to increase oil and gas investment ...
BP shifts course, boosting fossil fuel investments and cutting renewables
BP said on Wednesday it would increase annual oil and gas investment to $10 billion, returning the focus to fossil fuels, as ...
BP slashes renewables investment and boosts fossil fuel production
Oil and gas giant BP has again slashed its renewable energy investment and announced more funding for greater fossil fuel ...
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BP share price falls as supermajor reveals ‘fundamental strategy reset’
Chief executive Murray Auchincloss has succumbed to pressure from shareholders to reduce BP' exposure to the lower margin ...
BP slashes net-zero spending by nearly £4bn in renewed oil and gas focus
The fossil fuels giant said it would increase oil and gas investment by about 20% to £7.9 billion a year as part of a major ...
FTSE 100 LIVE: Stocks push higher as traders await Nvidia results
The FTSE 100 (^FTSE) and European stocks rallied on Wednesday as traders await the latest earnings results from tech bellwether Nvidia (NVDA). Analysts and investors will be focused on how much ...
BP Refocuses on Oil Amid Elliott Pressure, But Cuts Buybacks (2)
BP Plc announced a major pivot back to its core oil and gas business and promised to sell assets and reduce spending, but shares fell as the company sharply cut buybacks.