BP has been ordered to cut spending on renewable energy by its third largest shareholder as pressure grows on the oil giant ...

Activist investor Elliott Management is expected to push for BP to pivot back towards traditional oil and gas.

After a quarter century of lagging behind competitors, British oil giant BP has attracted the attention of big hedge fund ...

The energy giant was vague on details, but analysts say the changes is likely to include less spending on renewable sources ...

After the British oil giant was rattled by a slump in profits, BP boss Murray Auchincloss promised a “fundamental reset” for ...

The move piles pressure on BP chief exec Murray Auchincloss (pictured) to focus on fossil fuels and cut investment in ...

And sustainable finance has the means to make an impact. BP had $23bn in net debt at the end of last year. Fixed income ...

BP (BP) stock surged as investors cheered news that activist hedge fund Elliott Management had taken a stake in the oil major. Shares of ...

Elliott, led by boss Paul Singer (pictured), is expected to push BP to cut renewables and make big divestments to address its ...

BP is likely to reduce spending on low-emissions energy technologies like wind and hydrogen and try to boost oil and natural gas production, analysts say.

The latest trauma at BP needs perspective. The disappointing financial results and presence of activist Elliott on the share ...

BP has a laundry list of problems. The $93 billion UK oil major has a confused strategy, an overleveraged balance sheet, and ...