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Oil major BP to slash renewable spending and double down on fossil fuels in strategy reset

BP on Wednesday announced plans to increase annual oil and gas investment to $10 billion through 2027 as part of a fundamental strategic reset. The beleaguered energy giant also said it planned to ...
Crude Oil Prices

Elliott Wants BP to Double Cost Cuts Target to $10 Billion

Elliott Management, the activist U.S. hedge fund with 5% in BP, is doubling down on its pressure on the UK supermajor to deliver massive cost reductions after the reset, seeking doubling of the ...
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If this oil price forecast is right, the BP share price could double over the next 5 years!

In April 2010, just before the Deepwater Horizon explosion in the Gulf of Mexico, the BP (LSE:BP.) share price was close to 650p, around 50% more than it is today (2 October). Eleven workers ...
The New York Times

BP to Focus More on Oil and Gas in Strategy ‘Reset’

The energy giant said it would cut planned investment in clean energy and redirect spending toward fossil fuels. By Stanley Reed Reporting from London BP, the energy giant, said on Wednesday that it ...
The Motley Fool UK

If this oil price forecast is right, the BP share price could double over the next 5 years!

There’s one particular oil price forecast that’s caught the attention of our writer. If it’s right, the BP share price could take off. When investing, your capital is at risk. The value of your ...