BP to Slash Green Spending, Pivot Back to Oil
BP said it would increase oil-and-gas investment to about $10 billion a year. - Martin Meissner/Associated Press. LONDON—BP said it would boost oil-and-gas production and sharpl ...
BP expected to roll back green energy pledges to boost profit
BP expected to roll back green energy pledges to boost profit - The oil giant was criticised by environmental groups amid forecasts that it will roll back pledges made five years ago in a bid to boost ...
BP plans to explore for new oil in Azeri Caspian Sea
LONDON (Reuters) -BP plans to explore for new oil fields in the Azeri Caspian Sea, BP's upstream chief Gordon Birrell told ...
Activist Investor Drives BP To Do ‘Fewer Things, With Higher Returns’
Under pressure from an activist investor and a sagging share price, the CEO of energy giant BP pledges to return his company ...
BP shuns renewables in return to oil and gas
BP said it would increase its investments in oil and gas by about 20% to $10bn (£7.9bn) a year, while decreasing previously ...
BP Resets to NatGas as Energy Transition Takes a Backseat, CEO Says
BP CEO Murray Auchincloss said the company’s strategic shift will focus on natural gas and “the time has come for the ...
BP CEO Sees Pay Cut 30% After Profit Miss, Elliott Intervention
BP Plc Chief Executive Officer Murray Auchincloss’ total compensation dropped to £5.36 million ($6.91 million) in 2024, about ...
BP Reset Falls Short. Why Bid to Catch Exxon Sent Stock Falling.
U.K. oil major BP said Wednesday it’s having a “fundamental reset,” having fallen far behind U.S. rivals Exxon and Chevron in investor returns over the past few years. Investors are skeptical. The ...
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BP to slash green investment and ramp up gas and oil
A spokesperson for one of the signatories, Royal London Asset Management, said: "As long-term shareholders, we recognise BP's past efforts toward energy transition but remain concerned about the ...