London Evening Standard3m
BP slashes net-zero spending by nearly £4bn in renewed oil and gas focus
Chief executive Murray Auchincloss said the company is focusing its spending on BP’s “highest-returning businesses to drive ...
insider10m
BP confirms roll back of green energy pledges to boost profit
BP has confirmed it will slash spending on net zero transition businesses by £3.95bn a year and significantly ramp up its oil ...
BP slashes renewable investment increasing oil and gas production despite pace of global warming
Oil and gas giant BP has again slashed its renewable energy investment and announced more funding for greater fossil fuel ...
BP takes the axe to investment in green energy in "shocking" strategy U-turn
BP takes the axe to investment in green energy in "shocking" strategy U-turn - Rethink comes five years after BP set ...
Upstream17m
BP share price falls as supermajor reveals ‘fundamental strategy reset’
Chief executive Murray Auchincloss has succumbed to pressure from shareholders to reduce BP' exposure to the lower margin ...
BP to Slash Green Spending, Pivot Back to Oil
BP shares fell about 1% in morning trading in London. Auchincloss is set to lay out further details of his plan to revive the ...
devdiscourse21m
BP's Strategic Shift: A Return to Roots in Fossil Fuels
BP will increase annual oil and gas investments to $10 billion under CEO Murray Auchincloss, focusing on fossil fuels to ...
BP slashes green investment and focus on oil and gas
BP has announced it will slash its renewable energy investments and instead focus on increasing oil and gas production. The ...
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 ...