LONDON – BP slashed planned investment in renewable energy and said on Feb 26 that it would increase annual oil and gas spending to US$10 billion (S$13.4 billion), in a major strategy shift ...

Under Auchincloss’ predecessor, Bernard Looney, BP pledged in 2020 to cut oil and gas output by 40% while rapidly growing renewables by 2030. BP lowered the reduction target to 25% in 2023.

BP has announced it will "reset" its ethos by being "selective" with investment for electric vehicle charging, as well as the rollout of biogas and biofuels. The British fossil fuel giant announced it ...

BP has released what it calls its reset, with a renewed focus on oil and gas, reallocated capital and more cost cutting. All of this is aimed at driving shareholder returns in the long term.

A potentially momentous chapter in the history of UK oil and gas supermajor BP could be written this week. As investors arrive in London, or tune in online, for BP’s capital markets day on ...

LONDON - BP (NYSE:BP) Plc has unveiled a significant strategic shift, aiming to enhance cash flow and shareholder returns by reallocating capital expenditure, increasing cost efficiency ...

British energy company BP has confirmed it is to slash spending on green ventures and up its oil and gas production LONDON -- British energy company BP confirmed Wednesday that it would slash ...

BP is slashing its investment in energy transition activities and seeking a new partner for Lightsource BP, the renewables developer fully owned by the oil and gas giant. The change in strategy ...

“This is a reset BP, with an unwavering focus on growing long-term shareholder value.” The update to the oil and gas giant’s plans come ahead of a major shareholder meeting in London on ...

It was more than 20 years ago that the then boss of BP reframed those famous initials as "Beyond Petroleum". It was the first tentative step in transforming the company from an oil and gas ...

Global Witness drove a lorry around central London with messages criticising BP's decision. Sir Ian Cheshire, who has held many executive roles at companies such as B&Q owner Kingfisher and ...