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 ...

BP made a big deal of repositioning itself as “Beyond Petroleum”. Then-CEO John Browne’s attempt to embrace lower-carbon ...

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

BP said profit fell more than expected and that it would reset its strategy, days after reports that activist hedge fund ...

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 ...

Shareholders want the Canadian to scrap the green agenda spearheaded ... ‘The window for Murray Auchincloss to convince the market he has a plan to revive BP’s fortunes just got shorter ...

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 ...