BP’s U.S. shares (BP) closed 1.7% lower on Wednesday after the company said it would raise its oil and gas production and ...

BP’s chief executive wants to more than double the oil major’s market value to $200bn within five years, restoring the company to the level it achieved before the 2010 Deepwater Horizon disaster.

BP slashes green energy spending and turns back towards fossil fuels BP is making a drastic pullback from renewables in ...

Oil futures settled lower Wednesday, with concerns over the global economic outlook and potential for an end to Russia's war against Ukraine that could lift sanctions on Moscow prompting prices to ...

Good afternoon and happy Wednesday, readers! We are starting off today’s newsletter with President Donald Trump announcing plans to cancel an oil deal with Venezuela made by his predecessor. Callie an ...

Nvidia on Wednesday reported a surge in fourth-quarter profit and sales as demand for its specialized Blackwell chips which ...

BP dropped a bombshell on February 26, 2025, unveiling a “fundamentally reset” strategy that pumps the brakes on its green ...

BP, the British Oil major, said it is refocusing the company on its core oil and gas business and reducing investments in clean energy.

The energy giant said it would cut planned investment in clean energy and redirect spending toward fossil fuels.

In addition to divesting $20 billion of assets, BP plans to slash investments in renewables and boost growth elsewhere.

When you click on “Accept all”, you consent to ads on this site being customized to a personal profile we or our advertising ...

BP said it would increase annual oil and gas spending to $10 billion and cut planned annual investment in energy transition businesses by more than $5 billion.