BP is scrapping its massive renewable energy targets and doubling down on fossil fuels--here's what it means for investors.

BP is set to announce at the capital markets day that it is scaling back its 2030 renewables goal to 50GW instead of a ...

Petroleum giant BP said on Wednesday that it plans to boost its annual oil and gas spending to $10 billion through 2027 as part of the company's reset after recent lackluster economic performance.