BP signs $25bn deal to redevelop Iraq’s oil and gasfields as it slashes investments in renewable energy
BP has announced it will slash its renewable energy investments to focus on increasing oil and gas production. As part of ...
BP cuts renewable investment and boosts oil and gas in strategy shift
BP slashed planned investment in renewable energy and said on Wednesday it would increase annual oil and gas spending to $10 ...
How energy giant BP went from eco poster child to possible takeover target
For decades, BP—the U.K.-based oil and gas giant that is No. 25 on the Fortune Global 500—has tried to position itself as an ...
Report: BP to drop renewable energy goals in favor of fossil fuels
The Houston oil giant is abandoning its goal of growing its renewable generation capacity 20-fold by 2030, Reuters reports.
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Oil major BP to slash renewable spending and double down on fossil fuels in strategy reset
British oil major BP on Wednesday announced plans to increase annual oil and gas investment to $10 billion as part of a ...
BP Boosts Oil and Gas Spending as Energy Giant Pivots From Low-Carbon Focus
BP said it would increase its oil and gas investments to about $10 billion a year as it pivots away from its low-carbon ...
BP walks back on renewable investment, to scale up fossil fuel production
BP has unveiled its new business strategy. The oil and gas company has promised to increase its fossil fuel investments by 20 ...
BP slashes ‘net zero’ renewable energy spending by $5 billion, turns to fossil fuels: What’s behind the strategy shift?
BP said it will reduce its spending on net zero transition businesses by $5 billion a year to up to 2 billion. BP will ...
BP doubles down on oil and gas, cuts renewable investments in strategy reset
BP announces its big "reset" on Wednesday, and Wall Street expects a pivot away from renewables and a doubling down on oil ...
BP announces 'reset' with slashed renewables investments and $20 billion in divestments
In addition to divesting $20 billion of assets, BP plans to slash investments in renewables and boost growth elsewhere.
BP cuts renewable energy investments, boosts fossil fuel production
BP (BP) has announced a significant reduction in its renewable energy investment, slashing it by about $5 billion annually to between $1 billion and $2 billion, while simultaneously increasing funding ...
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.