BP’s chief executive wants to more than double the oil major’s market value to $200bn within five years, restoring the company to the level it achieved before the 2010 Deepwater Horizon disaster.

Elliott Investment Management is ramping up pressure on BP Plc after its new strategy fell short of the activist investor’s ...

BP's (NYSE:BP) deal to redevelop oil and gas fields in Iraq's Kirkuk region eventually will be viewed as of the company's ...

BP’s shift back to fossil fuels, a move that disappoints environmental campaigners, reflects growing market pressures and ...

The energy giant said it would cut planned investment in clean energy and redirect spending toward fossil fuels.

US-based activist investor Elliott, run by notorious New York hedge fund tycoon Paul Singer (right), has built a nearly £4bn ...

British energy company BP has confirmed it is to slash spending on green ventures and up its oil and gas production.

In addition to divesting $20 billion of assets, BP plans to slash investments in renewables and boost growth elsewhere.

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 slashed planned investment in renewable energy and said on Wednesday it would increase annual oil and gas spending to $10 ...

BP will increase annual oil and gas investments to $10 billion under CEO Murray Auchincloss, focusing on fossil fuels to ...