BP's chief executive will scrap a target to increase renewable generation 20-fold by 2030, returning the focus to fossil fuels, as part of a strategy shift announced on Wednesday to tackle investor ...

The BBC also reported that of the 16,000 BP employees in the U.K., 6,000 of them work in gas and service stations, and they would not lose their jobs. The company said most of the job cuts would ...

and its service station network. The move follows a broader industry trendShell and other oil majors are doubling down on fossil fuels as prices rebound, and investors demand better returns. BP ...

BP would also benefit from selling its Castrol lubricants and its network of service stations to unlock value and boost share buybacks, added the source, who also asked not to be named.