BP will increase annual oil and gas investments to $10 billion under CEO Murray Auchincloss, focusing on fossil fuels to ...

BP is set to increase its annual investments in oil and gas to $10 billion, signaling a shift back to fossil fuels under CEO ...

The energy giant said it would cut planned investments in clean energy and redirect spending toward fossil fuels.

Global Witness' investigative campaigners have taken aim at BP's u-turn on its green promises with ad van billboards around ...

Chief executive Murray Auchincloss has succumbed to pressure from shareholders to reduce BP' exposure to the lower margin ...

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 ...

Chief executive Murray Auchincloss has succumbed to pressure from shareholders to reduce BP' exposure to the lower margin ...

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

“Boy, his hat is crises!” said Bob Dudley, former BP CEO and a mentor to Auchincloss. “I always said to Murray: management ...

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 ...

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