Pressure is building on BP chief exec Murray Auchincloss (pictured) following reports that Elliott was disappointed with his ...

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

Under pressure from an activist investor and a sagging share price, the CEO of energy giant BP pledges to return his company ...

New York hedge fund Elliott Management is pushing British oil major BP (BP) to abandon all renewable energy projects, it was ...

BP said it would increase its oil and gas investments to about $10 billion a year as it pivots away from its low-carbon ...

Oil company BP said it’s planning to announce a “fundamental reset” of its business strategy later this month. The company had a rough 2024 — its profits dropped by more than a third.

Shares in oil giant BP (BP) slipped lower today as it looks to continue its shift back towards fossil fuels by hiring two new ...

Its stake in BP has fuelled hopes that the hedge fund could help revive the oil giant’s flagging performance. BP has been targeted as the oil giant struggles to work out its approach to net zero ...

BP announces its big "reset" on Wednesday, and Wall Street expects a pivot away from renewables and a doubling down on oil and gas.

Also Read: Spire Global Lands ~$50M Contract For Canadian Wildfire Detection The energy giant is planning ... by the end of 2026. Also, BP’s choice to lower its oil and gas production reduction ...

By Stanley Reed Reporting from London BP, the energy giant, said on Wednesday that it would increase spending on oil and gas while sharply paring back investments on various forms of clean energy.

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 energy company with the bigger picture in mind. From an eight-year ...