BP boosts oil and gas investment to $10 bln annually Cuts annual transition spending by over $5 billion Reviewing Castrol, targets $20 billion in divestment Energy transition is slower than BP ...

BP now aims to grow oil and gas production. Across the energy sector, major companies that shifted their position in response to the need to lower carbon emissions and curb climate change have ...

Oil major BP says it has slashed planned investment in renewable energy and would increase annual oil and gas spending to $10bn. It is the latest multinational in the energy sector to change its ...

BP will abandon its pledge to increase renewable energy generation by 2030 when it presents its strategy to investors on Wednesday. CEO Murray Auchincloss will rescind the firm’s aim to boost ...

BP‘s chief executive will scrap a target to increase renewable generation 20-fold by 2030, returning the focus to fossil fuels, as part of a strategy shift announced on Wednesday to tackle ...

BP under pressure to boost returns from Elliott Investment Management Changes to be announced on capital markets day investor update BP's shares have underperformed rivals Feb 24 (Reuters) - BP's ...

BP will boost investment in oil and gas while walking back a push for more renewable output, the British oil and gas multinational announced on Wednesday. The firm said it would increase oil and ...

BP is expected to announce this week that it is shifting its focus back to oil and gas, ditching a target to boost renewable energy capacity generation 20-fold by 2030, sources familiar with the ...

It was more than 20 years ago that the then boss of BP reframed those famous initials as "Beyond Petroleum". It was the first tentative step in transforming the company from an oil and gas ...

UK supermajor BP has admitted it is in need of a “fundamental” change of direction, to cite the words of its chief executive, but whether the company’s leadership can deliver it to the ...

Oil and gas giant BP has again slashed its renewable energy investment and announced more funding for greater fossil fuel production. In a further row back of climate targets the company has said ...