'Too far, too fast': BP reveals strategy reset
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BP today unveiled a massive strategy U-turn with a new emphasis on oil and gas investment and a massive downgrade of its ...
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.
In addition to divesting $20 billion of assets, BP plans to slash investments in renewables and boost growth elsewhere.
BP Plc is set to announce a potential sale of its lubricants business and abandon plans to cut oil and gas output as it ...
BP slashed planned investment in renewable energy and said Wednesday that it would increase annual oil and gas spending to $10 billion, in a major strategy shift aimed at boosting earnings and ...
BP has abandoned a radical attempt to reinvent itself as a green energy company, bowing to pressure from investors after its ...
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BP to cut renewable energy targets and focus on fossil fuelsBP is set to announce at the capital markets day that it is scaling back its 2030 renewables goal to 50GW instead of a ...
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