British oil giant BP reportedly will announce plans to abandon its renewable generation goals this week in an effort to boost earnings. Trump administration to dismantle federal climate center House ...

BP has decided to reduce its investment in renewable energy and increase its spending on oil and gas to $10 billion annually, according to Reuters. This strategic shift aims to increase earnings and ...

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. The energy company is seeking to boost ...

The British petroleum giant laid out plans Wednesday to boost spending on fossil fuels as it dials back renewable energy plans. BP officials announced a “fundamental reset” Wednesday for the ...

BP‘s chief executive will scrap a target to increase renewable generation 20-fold by 2030, returning the focus to fossil fuels, as part of a strategy shift announced on Wednesday to tackle investor ...

British oil giant BP (BP) is pivoting its focus back to its core business of oil and gas while lowering spending on renewables. On Wednesday, the British energy giant announced it will increase oil ...

BP is expected to announce this week that it is shifting its focus back to oil and gas, ditching a target to boost renewable energy capacity generation 20-fold by 2030, sources familiar with the new ...

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 ( ($BP) ) just unveiled an announcement. In December 2025, BP p.l.c. continued executing the share buyback programme it announced on 4 November ...

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 the ...