BP is set to make a dramatic U-turn, scrapping its ambitious renewable energy goals and shifting its focus back to oil and gas. According to sources close to the strategy shake-up, the energy giant ...

BP is set to slash its renewable energy investments to focus on increasing oil and gas production, according to new reports.

The oil giant was criticised by environmental groups amid forecasts that it will roll back pledges made five years ago in a ...

Five years ago, BP set some of the most ambitious targets among large oil companies to cut production of oil and gas by 40% ...

British energy giant BP is set Wednesday to announce a shakeup to its strategy after a difficult trading year and as ...

The Houston oil giant is abandoning its goal of growing its renewable generation capacity 20-fold by 2030, Reuters reports.

BP chairman Helge Lund (pictured), has overseen a number of strategy U-turns since taking the helm in 2019. Shares have since fallen more than 10%.

BP Plc is set to announce a potential sale of its lubricants business and abandon plans to cut oil and gas output as it embarks on a shift away from renewable energy amid pressure from activist ...

BP (BP) is slated to announced a possible sale of its lubricants unit and drop plans to lower oil and gas output as it begins to shift away ...

BP Plc is set to announce a potential sale of its lubricants business and abandon plans to cut oil and gas output as it ...

Fossil fuel giant is expected to tell shareholders it will cut renewables targets and increase oil and gas funding to boost ...

BP's 'fundamental reset' on Wednesday is the most highly anticipated strategy shift for an oil major in several years.