The oil and gas giant is expected to reverse course on renewable energy commitment due to decreased profits and a shifting ...

BP chief Murray Auchincloss says the restructuring will ‘be a new direction for BP’ - Amr Alfiky/Reuters. BP has halted all ...

The energy giant was vague on details, but analysts say the changes is likely to include less spending on renewable sources ...

The chief executive officer says he’s met with shareholders constantly this past year, and the market will like oil major’s ...

BP reported quarterly profit of $1.17 billion on Tuesday, weaker than expected and the lowest in four years, while the ...

BP will lay out a “fundamental reset of strategy and a new beginning” when it updates investors at the company's capital ...

BP Plc CEO Murray Auchincloss insisted that the company’s “fundamental reset” has been in the works for a year, while ...

BP has been ordered to cut spending on renewable energy by its third largest shareholder as pressure grows on the oil giant ...

BP plans to "fundamentally reset" its strategy and focus on improving shareholder returns, amid pressure from investors and ...

And sustainable finance has the means to make an impact. BP had $23bn in net debt at the end of last year. Fixed income ...

BP is likely to reduce spending on low-emissions energy technologies like wind and hydrogen and try to boost oil and natural gas production, analysts say.

UK supermajor BP saw its profit drop 60% in the fourth quarter of 2024, slightly missing analyst forecasts, as chief ...