BP plans to explore for new oil fields in the Azeri Caspian Sea, BP's upstream chief Gordon Birrell told Reuters.

By pledging an “unwavering focus” on creating value for shareholders, BP admitted its renewable crusade was a failure and exposed the rotten core of ESG.

Even the oil giants that attempted to switch away from fossil fuels are going back to oil and gas. The chief executive of BP ...

LONDON — British energy company BP confirmed Feb. 26 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 ...

British energy company BP has confirmed it is to slash spending on green ventures and up its oil and gas production ...

LONDON, Feb 14 (Reuters Breakingviews) - BP (BP.L), opens new tab has a laundry list of problems. The $93 billion UK oil major has a confused strategy, an overleveraged balance sheet, and a ...

BP will aim to produce up to 2.5m oil barrels per day - Stuart Conway The chief executive of BP has admitted the company “went too far, too fast” in its shift to net zero, adding a decision to ...

Back in 2020, British oil giant BP was positioning itself to be a leader in the energy transition, touting plans to eliminate ...

BP now aims to grow oil and gas production. Across the energy sector, major companies that shifted their position in response to the need to lower carbon emissions and curb climate change have ...

BP PLANS to increase production of its more profitable oil and gas business and slash investment in cleaner energy, the British energy giant announced on Wednesday (Feb 26) to the dismay of ...

BP (NYSE:BP) plans to add two new directors to help it pivot back to oil and gas, Financial Times reported Tuesday, as Chair Helge Lund wants the board to reflect the company’s new strategy ...