The Houston oil giant is abandoning its goal of growing its renewable generation capacity 20-fold by 2030, Reuters reports.

BP is set to slash its renewable energy investments to focus on increasing oil and gas production, according to new reports.

BP Plc’s “fundamental reset” on Wednesday is the most highly anticipated strategy shift for an oil major in several years.

BP is reportedly set to ditch renewable energy targets and double down on fossil fuels to regain investor confidence Read ...

BP is expected to announce it will slash its renewable energy investments and instead focus on increasing oil and gas ...

BP is set to make a dramatic U-turn, scrapping its ambitious renewable energy goals and shifting its focus back to oil and gas. According to sources close to the strategy shake-up, the energy giant ...

BP Plc is set to announce a potential sale of its lubricants business and abandon plans to cut oil and gas output as it ...

The oil giant was criticised by environmental groups amid forecasts that it will roll back pledges made five years ago in a ...

BP's 'fundamental reset' on Wednesday is the most highly anticipated strategy shift for an oil major in several years.

BP (BP) will do away with its pledge to reduce oil and gas output and announce at least one major divestment at its investor day on Wednesday ...

British energy giant BP is set Wednesday to announce a shakeup to its strategy after a difficult trading year and as ...

BP chairman Helge Lund (pictured), has overseen a number of strategy U-turns since taking the helm in 2019. Shares have since ...