Oil giant BP has warned it will take a hit of up to $5bn in the final quarter of 2025, primarily due to lowering the value of its green energy projects. The FTSE 100 firm said it expects a write-down ...

The chairman of BP, Helge Lund, has announced plans to step down sometime in 2026, after hedge fund Elliot Investment Management L.P. joined other shareholders in opposing the oil company’s net zero ...

BP has put a multibillion dollar price tag on its retreat from parts of the energy transition, warning investors that its net zero pivot will carve as much as 5 billion dollars out of fourth quarter ...

Oil giant BP is bracing itself for a shareholder backlash at its annual general meeting (AGM) on Thursday, with a chorus of disgruntled investors planning to voice their concerns over the firm's green ...

LONDON — British energy company BP confirmed Wednesday that it would slash spending on green ventures and increase its oil and gas production, a change in direction that it hopes will bolster its ...

BP Plc’s Chief Executive Officer Murray Auchincloss faces a critical moment next month when he makes the delayed presentation of a new strategy to investors. The sprawling energy producer has fallen ...

BP said its head of strategy will leave the business as it continues to simplify its structure under its reset strategy. The British oil major said Tuesday that Giulia Chierchia will step down from ...

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. LONDON (AP) — British energy company BP ...