BP, the British Oil major, said Wednesday it is refocusing the company on its core oil and gas business and reducing ...

BP's (NYSE:BP) deal to redevelop oil and gas fields in Iraq's Kirkuk region eventually will be viewed as of the company's ...

LONDON (AP) — British energy company BP confirmed Wednesday that it would slash spending on green ventures and increase its ...

In addition to divesting $20 billion of assets, BP plans to slash investments in renewables and boost growth elsewhere.

British energy giant BP is reportedly set to abandon its renewable energy targets and return to its fossil fuel roots in a ...

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

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.

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

The FTSE 100 index closed up 62.79 points, 0.7%, at 8,731.46. The FTSE 250 ended up 147.62 points, 0.7%, at 20,595.90, while the AIM All-Share closed up 3.44 points, 0.5%, at 711.50.

BP executives admit they went 'too far, too fast' chasing low carbon investments, but will investors swallow new plan?

In an industry where timing is everything, BP made the right bet at the wrong time,” says one professor who has studied its ...