LONDON (AP) — British energy company BP confirmed Wednesday that it would slash spending on green ventures and increase its ...

But BP has struggled to reduce its debt load and the moves have failed to ignite its share price, leading to speculation ...

BP will redevelop 3 billion barrels of oil equivalent across five fields in Iraq, all of which are currently operated by ...

BP said it would increase annual oil and gas spending to $10 billion and cut planned annual investment in energy transition businesses by more than $5 billion.

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

In an industry where timing is everything, BP made the right bet at the wrong time,” says one professor who has studied its ...

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

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

In a highly anticipated strategy update, BP Chief Executive Officer Murray Auchincloss scrapped a plan to pull back from oil and gas and pledged to grow production slightly instead. He also cut ...

BP said it would increase its oil and gas investments to about $10 billion a year as it pivots away from its low-carbon ...

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