BP’s chief aims to more than double market value to $200bn
BP’s chief executive wants to more than double the oil major’s market value within five years to $200 billion (€190 billion), ...
BP's green failure offers Big Oil a lesson in moderation
BP has returned to its oil and gas roots in a spectacular about-turn following its trailblazing attempt five years ago to ...
Elliott Ramps Up Pressure on BP as Turnaround Plan Falls Short
Elliott Investment Management is ramping up pressure on BP Plc after its new strategy fell short of the activist investor’s ...
BP takes the axe to investment in green energy in "shocking" strategy U-turn
BP today unveiled a massive strategy U-turn with a new emphasis on oil and gas investment and a massive downgrade of its ...
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BP embraces oil and gas, snubs renewables in corporate reset
The British petroleum giant laid out plans Wednesday to boost spending on fossil fuels as it dials back renewable energy ...
Oil major BP boosts annual fossil fuel spending to $10 billion in strategy reset
British oil major BP on Wednesday announced plans to increase annual oil and gas investment to $10 billion as part of a ...
BP to boost oil and gas spending by $10B, slash renewable investment in major strategy shift
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.
BP announces 'reset' with slashed renewables investments and $20 billion in divestments
In addition to divesting $20 billion of assets, BP plans to slash investments in renewables and boost growth elsewhere.
BP pivots back to oil and gas after ‘misplaced’ faith in green energy
BP has abandoned a radical attempt to reinvent itself as a green energy company, bowing to pressure from investors after its ...