Even the oil giants that attempted to switch away from fossil fuels are going back to oil and gas. The chief executive of BP ...

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.

BP has returned to its oil and gas roots in a spectacular about-turn following its trailblazing attempt five years ago to ...

A crash off the Yorkshire coast involving an oil tanker which has released fuel into the sea has caused immediate worry for ...

BP is set to announce it would stop pursuing reductions in its crude oil and natural gas production in a bid to please its new major shareholder Elliott Management. The company had previously ...

BP (NYSE:BP) just made a bold pivotdoubling down on oil and gas while scaling back its clean energy push. In a long-awaited strategy update, CEO Murray Auchincloss laid out plans to ramp up ...

BP, the British oil major, said Wednesday it is refocusing the company on its core oil and gas business and reducing investments in clean energy. In a Wednesday news release, BP officials said ...

BP is looking to raise the number of its board members and hire two more directors as part of its strategy to boost oil and gas production and shareholder returns, the Financial Times reported on ...

Under Auchincloss’ predecessor, Bernard Looney, BP pledged in 2020 to cut oil and gas output by 40% while rapidly growing renewables by 2030. BP lowered the reduction target to 25% in 2023.