The energy giant said it would cut planned investment in clean energy and redirect spending toward fossil fuels.
BP will redevelop 3 billion barrels of oil equivalent across five fields in Iraq, all of which are currently operated by ...
Global Witness' investigative campaigners have taken aim at BP's u-turn on its green promises with ad van billboards around ...
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.
LONDON (AP) — British energy company BP confirmed Wednesday that it would slash spending on green ventures and increase its ...
Petroleum giant BP said on Wednesday that it plans to boost its annual oil and gas spending to $10 billion through 2027 as ...
The move follows pressure from some investors to boost profits at the firm, but has also angered environmental groups.
In a highly anticipated strategy update, BP Chief Executive Officer Murray Auchincloss scrapped a plan to pull back from oil and gas and pledged to grow production slightly instead. He also cut ...
BP said it would increase its oil and gas investments to about $10 billion a year as it pivots away from its low-carbon ...
BP said on Wednesday it would increase annual oil and gas investment to $10 billion, returning the focus to fossil fuels, as ...
BP executives admit they went 'too far, too fast' chasing low carbon investments, but will investors swallow new plan?
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