BP p.l.c.'s Q4 earnings dropped 61% Y/Y due to lower petroleum prices and refining margins. The energy company announced a strategic shift, prioritizing fossil fuel projects over renewable energy ...

Oil giant BP is bracing itself for a shareholder backlash at its annual general meeting (AGM) on Thursday, with a chorus of disgruntled investors planning to voice their concerns over the firm's green ...

BP has shifted its strategy back to oil and gas production under new CEO Murray Auchincloss, aiming for 2.5 million bpd by 2030. Despite a 29% drop in share price, BP's high free cash flow and strong ...

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's 'fundamental reset' on Wednesday is the most highly anticipated strategy shift for an oil major in several years. Image by Makhbubakhon Ismatova via iStock BP Plc’s “fundamental reset” on ...

BP Plc pledged major changes at its upcoming strategy update after reporting a sharp drop in profit, as the company seeks to reverse a prolonged period of under-performance that has now drawn in ...