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.

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 ...

LONDON, Feb 14 (Reuters Breakingviews) - BP (BP.L), opens new tab has a laundry list of problems. The $93 billion UK oil major has a confused strategy, an overleveraged balance sheet, and a ...

The update to the oil and gas giant’s plans come ahead of a major shareholder meeting in London on Wednesday afternoon. BP has come under increasing pressure from some shareholders over falling ...

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 ...

LONDON: BP said it would boost oil-and-gas production ... administration’s climate-focused initiatives soon after taking office in January. BP began to row back on some of its green commitments ...

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 ...