The energy giant has been weakened by years of mishaps and poor decisions, leading to rumors of a takeover that may not ...

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 slashed planned investment in renewable energy and said on Wednesday it would increase annual oil and gas spending to $10 billion, in a major strategy shift aimed at boosting earnings and ...

Summary. BP's strategic shift toward core hydrocarbon assets and Elliott Management's involvement have made investors more bullish, despite weaker-than-expected Q4 profitability.

BP retains nearly a 20% interest in Rosneft, which it plans to exit, if possible. It has marked the fair value of its ownership interest as zero. The ultimate outcome and value of its stake are ...

Shares of BP, which has been under pressure from activist investor Elliott Investment Management, plunged Friday after the energy giant said chair Helge Lund is stepping down.

BP plc (BP), a leading UK-based energy company, has announced plans to sell its onshore wind business in the United States. This marks a strategic shift as the energy giant refocuses on its solar ...

Murray Auchincloss, BP’s chief executive, has vowed to shift the company’s focus. Its share price has lagged behind its industry peers for a long period.

The British multinational announced in mid-2020 a plan to increase its low carbon investment 10-fold by 2030, resulting in a 20-fold increase in its renewable energy generating capacity by the ...

The Wall Street Journal reported yesterday that Shell (SHEL) was in early-stage talks to acquire BP (BP), a deal that could be the largest oil merger in a generation, potentially surpassing ExxonMobil ...

BP aims to spend between $13-billion and $15-billion annually through 2027, trimming $1-billion to $3-billion from 2024 levels, with 2025 capital expenditure expected to be around $15-billion.