BP will raise oil and gas investment to $10 billion while cutting green spending, CEO Murray Auchincloss said. | One of India ...

BP has reversed its green energy strategy, increasing oil and gas investments while cutting renewables spending, following ...

BP said it would increase annual oil and gas spending to $10 billion and cut planned annual investment in energy transition businesses by more than $5 billion.

The energy giant said it would cut planned investment in clean energy and redirect spending toward fossil fuels.

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

BP today unveiled a massive strategy U-turn with a new emphasis on oil and gas investment and a massive downgrade of its ...

In a highly anticipated strategy update, BP chief executive Murray Auchincloss scrapped a plan to pull back from oil and gas and pledged to grow production slightly instead. He also cut investment in ...

The company will increase upstream spend to 75% of group capex (70% oil, 30% gas on average) as it simultaneously plans to become more selective with energy transition ...

BP is expected to confirm a significant shift in strategy that will see its cut its renewable energy investments and instead ...

BP has confirmed it will abandon its green renewable power ambitions by increasing its oil and gas investment to $10bn a year ...

Following a difficult trading year, BP is pivoting back to its more profitable oil and gas business. Read more at ...

Oil and gas giant BP wants to sell stake in Lightsource BP just four months after completing full takeover of the renewables ...