BP Refocuses on Oil Amid Elliott Pressure, But Cuts Buybacks
BP Plc announced a major pivot back to its core oil and gas business and promised to sell assets and reduce spending, but ...
BP takes the axe to investment in renewables in huge strategy U-turn
BP today unveiled a massive strategy U-turn with a new emphasis on oil and gas investment and a massive downgrade of its ...
BP to increase oil and gas investment despite pace of global warming
Oil and gas giant BP has again slashed its renewable energy investment and announced more funding for fossil fuel production.
BP to slash renewables spending in pivot back to oil and gas
BP will spend $10bn a year on producing more oil and gas, slash its spending on renewable energy and sell $20bn of assets as it tries to revive its share price under pressure from activist investor ...
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BP expected to roll back green energy pledges to boost profit
The oil giant was criticised by environmental groups amid forecasts that it will roll back pledges made five years ago in a ...
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BP "reset" to slash green spend aims and lift oil and gas investment
(Alliance News) - BP PLC on Wednesday said it will slash renewable spending, up oil and gas investment as the company set out a plan to "fundamentally reset strategy".