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

BP will increase annual oil and gas investments to $10 billion under CEO Murray Auchincloss, focusing on fossil fuels to ...

BP will redevelop 3 billion barrels of oil equivalent across five fields in Iraq, all of which are currently operated by ...

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.

Global Witness' investigative campaigners have taken aim at BP's u-turn on its green promises with ad van billboards around ...

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

Will chief executive Murray Auchincloss be able to deliver a ‘fundamental change’ in strategy at key investor meeting to ...

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

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

The move follows pressure from some investors to boost profits at the firm, but has also angered environmental groups.

“Boy, his hat is crises!” said Bob Dudley, former BP CEO and a mentor to Auchincloss. “I always said to Murray: management ...