BP says it will continue design work on its multi-billion-dollar local renewable energy project book, as the dust settles ...

HOUSTON - Since it first imposed sanctions on Venezuela's energy sector in 2019, the United States has granted individual licenses to some oil companies that allow them to export the South American ...

Good afternoon and happy Wednesday, readers! We are starting off today’s newsletter with President Donald Trump announcing plans to cancel an oil deal with Venezuela made by his predecessor. Callie an ...

Nvidia on Wednesday reported a surge in fourth-quarter profit and sales as demand for its specialized Blackwell chips which ...

LONDON (AP) — British energy company BP confirmed Wednesday that it would slash spending on green ventures and increase its ...

In addition to divesting $20 billion of assets, BP plans to slash investments in renewables and boost growth elsewhere.

But BP has struggled to reduce its debt load and the moves have failed to ignite its share price, leading to speculation ...

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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 executives admit they went 'too far, too fast' chasing low carbon investments, but will investors swallow new plan?