Castrol India shares are in focus on February 27 as oil major BP said it is looking at strategic review of its global ...

LONDON (AP) — British energy company BP confirmed Wednesday that it would slash spending on green ventures and increase its ...

BP dropped a bombshell on February 26, 2025, unveiling a “fundamentally reset” strategy that pumps the brakes on its green ...

BP, the British Oil major, said it is refocusing the company on its core oil and gas business and reducing investments in clean energy.

The energy giant said it would cut planned investment in clean energy and redirect spending toward fossil fuels.

In addition to divesting $20 billion of assets, BP plans to slash investments in renewables and boost growth elsewhere.

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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.

BP executives admit they went 'too far, too fast' chasing low carbon investments, but will investors swallow new plan?

BP announces its big "reset" on Wednesday, and Wall Street expects a pivot away from renewables and a doubling down on oil ...

In an industry where timing is everything, BP made the right bet at the wrong time,” says one professor who has studied its ...

BP today unveiled a massive strategy U-turn with a new emphasis on oil and gas investment and a massive downgrade of its ...