BP, the British Oil major, said Wednesday it is refocusing the company on its core oil and gas business and reducing ...

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 ...

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 ...

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?

In an industry where timing is everything, BP made the right bet at the wrong time,” says one professor who has studied its ...

The company will increase upstream spend to 75% of group capex (70% oil, 30% gas on average) as it simultaneously plans to become more selective with energy transition ...

Citizens in Chile are getting back to normal after a nationwide power outage affected millions of people and a "state of ...

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