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 ...

LS Power has completed the acquisition of bp’s U.S. onshore wind business, BP Wind Energy North America. The acquisition adds ...

BP boosts oil and gas investment to $10 bln annually Cuts annual transition spending by over $5 billion Reviewing Castrol, targets $20 billion in divestment Energy transition is slower than BP ...

BP announced yesterday that it would reduce its renewable energy spending by US$5 billion a year. Image: Frédéric Paulussen via Unsplash. Oil and gas giant BP has announced plans to divest its ...

WHAT’S HAPPENING TODAY: Good afternoon and Happy Monday, readers! In today’s edition of Daily on Energy, Callie and Maydeen kick off the week by taking a look at new sanctions imposed by the Trump ...

BP’s retreat from AREH reveals how hesitation and lack of advocacy can cost oil majors their place in the energy transition. Unsplash+ In the spring of 2022, oil major BP announced that it would ...

BP (NYSE:BP) said Thursday it will pull out of its role in a planned massive green hydrogen production facility in Australia, telling its partners in the Australian Renewable Energy Hub that it plans ...

British oil major BP is cutting 5 percent of its workforce. The job reductions are part of a cost-cutting plan that began in October 2024. The job cuts align with a renewed emphasis on bolstering BP’s ...

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 ...