London-based BP PLC (NYSE: BP), which has its U.S. headquarters in Houston, has launched a major “reset” that calls for $20 billion in divestments and slashed renewables investments.

Campaigners from climate groups including Fossil Free London and Weald Action Group staged a protest outside BP’s London HQ ...

Houston-headquartered BP plans to cut 5 percent of its workforce—about 4,700 jobs—as part of a larger cost-cutting program. The company also intends to cut about 3,000 contractor positions.

BP CEO Murray Auchincloss is announcing plans to ditch the company's goal of growing renewable generation capacity 20-fold by 2030 and instead return focus to fossil fuels, Reuters reports. The goal ...

UK-based BP’s planned investment in developing several giant oil fields in Kirkuk could be worth as much as $25bn, including ...

Murray Auchincloss had just returned to BP Plc’s London headquarters from a long stint in other corners of the company’s global empire, when everything changed in an instant. Oil was gushing ...

By the end of 2025 against the 2019 baseline, bp’s interim target is a 20% reduction in Scope 1 and 2 operational ...

LONDON, Feb 14 (Reuters Breakingviews) - BP (BP.L), opens new tab has a laundry list of problems. The $93 billion UK oil major has a confused strategy, an overleveraged balance sheet, and a ...

(Bloomberg) -- BP Plc, in which activist investor Elliott Investment Management has built up a nearly 5% stake, is considering a potential sale of its lubricants business, according to people ...

Ever since John Browne vowed to turn BP green some 25 years ago, the British oil giant has experienced a series of embarrassing mishaps. That includes major safety lapses, such as a massive oil ...