The move comes amid investor pressure, with shareholders unhappy about BP's underperformance compared to rivals like Shell and Exxon. BP's CEO Murray Auchincloss called it a "fundamental reset" aimed ...

BP plans to increase production of its more profitable oil and gas business and slash investment in cleaner energy, the ...

BP takes the axe to investment in green energy in "shocking" strategy U-turn - Rethink comes five years after BP set ...

Oil and gas giant BP has again slashed its renewable energy investment and announced more funding for greater fossil fuel production. In a further row back of climate targets the company has said ...

Supermajor sets out to please shareholders and stave off takeover threat as it drops iconic pledge to produce less oil by the ...

At an event in London this morning, Looney's successor, Murray Auchincloss, announced a major pivot away from green targets. He said: "Today we have fundamentally reset BP's strategy. We are reducing ...

Embattled oil major BP on Wednesday unveiled what it billed as a strategic reset, planning to increase oil and gas investment ...

The fossil fuels giant said it would increase oil and gas investment by about 20% to £7.9 billion a year as part of a major ...

BP has confirmed it will slash spending on net zero transition businesses by £3.95bn a year and significantly ramp up its oil ...

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