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 ...

Here’s a look at oil spill disasters. Spill estimates vary by source. Ten Largest Oil Spills 1. January 1991 – During the Gulf War, Iraqi forces intentionally release 252-336 million gallons of oil ...

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 ...

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.