LONDON – BP slashed planned investment in renewable energy and said on Feb 26 that it would increase annual oil and gas spending to US$10 billion (S$13.4 billion), in a major strategy shift ...

BP’s attempt to accelerate into the energy transition while scaling down its oil and gas business was today described by the company’s own CEO as “misplaced optimism” and “too much, too fast”, shortly ...

British energy company BP confirmed on Wednesday, February 26, 2025, that it would slash spending on ‘net zero’ and green ventures and increase its oil and gas production. BP's strategic ...

BP has reversed its ambitious plan to transition into a green energy company, announcing a sharp increase in oil and gas investments while significantly cutting its renewables spending. The ...

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 ...

Oil and gas giant BP has again slashed its renewable energy investment and announced more funding for greater fossil fuel production. In a further row back of climate targets the company has said ...

BP’s attempt to accelerate into the energy transition while scaling down its oil and gas business was today described by the company’s own chief executive as “misplaced optimism” and ...

The strategy overhaul comes after a difficult trading year for BP, which is under pressure from investors to boost its share price as countries look to slash emissions. "Our optimism for a fast ...

BP will boost investment in oil and gas while walking back a push for more renewable output, the British oil and gas multinational announced on Wednesday. The firm said it would increase oil and ...

BP has been slammed over plans to ditch targets to cut oil and gas production - and slash investment in green energy. Scots campaigners said the oil giant’s move was a “conscious act of ...

LONDON—BP BP0.32%increase; green up pointing triangle said it would boost oil-and-gas production and sharply cut investments in clean energy, pivoting back to fossil fuels in a bid to revive its ...