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

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

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

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.

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

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 ...

BP cut planned annual investment in renewable energy businesses by more than $5 billion, from its previous forecast, to between $1.5 billion and $2 billion per year. It now aims to grow oil and gas ...

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