BP has confirmed it will abandon its green renewable power ambitions by increasing its oil and gas investment to $10bn a year ...

Boss Murray Auchincloss's case is that oil and gas will be in "robust" global demand until 2035, and his message to shareholders is he intends to exploit it for their benefit.

The move comes in response to pressure from investors, notably from activist hedge fund Elliot management.View on euronews ...

Following a difficult trading year, BP is pivoting back to its more profitable oil and gas business. Read more at ...

The move follows pressure from some investors to boost profits at the firm, but has also angered environmental groups.

European energy company BP announced Wednesday that it is cutting back on green energy goals and is instead refocusing on ...

British energy company BP has confirmed it is to slash spending on green ventures and up its oil and gas production.

Petroleum giant BP said on Wednesday that it plans to boost its annual oil and gas spending to $10 billion through 2027 as ...

Oil and gas giant BP wants to sell stake in Lightsource BP just four months after completing full takeover of the renewables ...

BP (BP) has announced a significant reduction in its renewable energy investment, slashing it by about $5 billion annually to between $1 billion and $2 billion, while simultaneously increasing funding ...

BP announced on Wednesday that it would increase its annual oil and natural gas investment by $10 billion. This will return ...