BP slashed planned investment in renewable energy and said on Wednesday it would increase annual oil and gas spending to $10 billion, in a major strategy shift aimed at boosting earnings and ...

BP says “transition businesses” were about 30 percent of $16.3 billion in total investments in 2022. Stanley Reed has been writing from London for The Times since 2012 on energy, ...

A potential Shell (SHEL) and BP (BP) merger is on investors' minds after The Wall Street Journal reported Shell is in early talks to acquire BP, though Shell has denied the report. Tortoise senior ...

BP’s statement that it will reduce its carbon footprint in exploration and production by 35% to 40% by 2030 is consistent with its goal of cutting oil production by 40%, or 1.0 million barrels ...

At its February strategy update, BP said it assumed Brent prices would average $71.5-$74.4 a barrel between 2025-2027, while benchmark Henry hub gas prices would be $4.1-$4.3 per million British ...

The Rumor That Made Sense. When I first saw the headline that there were merger talks about Shell plc (NYSE:SHEL) and BP p.l.c. (NYSE:BP), I didn't roll my eyes.I paused. Because even though the ...

BP slashed planned investment in renewable energy and said Wednesday that it would increase annual oil and gas spending to $10 billion, in a major strategy shift aimed at boosting earnings and ...

BP said it would increase oil and gas investment 20 percent, to around $10 billion per year, helping output to potentially grow modestly by 2030. At the same time, ...

Shell refuted the takeover rumors, yet the speculation emphasizes what investors are beginning to recognize: BP’s significant discount and strategic shift might be due for reevaluation. With ...