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 ...

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

UK-based BP’s planned investment in developing several giant oil fields in Kirkuk could be worth as much as $25bn, including ...

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

The two companies are merging some petrochemicals and plastics units to form Borouge Group, which will also acquire Canada's ...

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

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.

BP said it would increase its investments in oil and gas by about 20% to $10bn (£7.9bn) a year, while decreasing previously ...

This story was originally published by Grist with the headline Oil companies are dropping renewable goals — and more ...

Speaking just a day after unveiling his new strategy to investors, chief exec Murray Auchincloss (pictured) said BP could be ...

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