The oil giant was criticised by environmental groups amid forecasts that it will roll back pledges made five years ago in a bid to boost profit.

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 ...

British energy giant BP is set Wednesday to announce a shakeup to its strategy after a difficult trading year and as countries transition to cleaner energy. A much anticipated presentation to ...

BP chief executive Murray Auchincloss said ... Dozens of campaigners were set to demonstrate outside the energy giant’s offices in London with a banner stating “Big Oil Will Kill Us”.

"We are reducing and reallocating capital expenditure to our highest-returning businesses to drive growth," chief executive Murray Auchincloss said in a statement ahead of a presentation to investors ...

(Reuters) - BP's (BP) chief executive will scrap a target ... but was changed to to Wednesday in London because Auchincloss had to undergo a medical procedure. Across the energy sector, major ...

London-listed shares in BP rose as much as 7% to their highest ... Auchincloss, who took office a year ago, will lay out his new strategy at an investor day on February 26. He has already taken ...

LONDON — British energy company BP confirmed Wednesday that it would slash spending on green ventures and increase its oil and gas production, a change in direction that it hopes will bolster ...