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LONDON – BP slashed planned investment in renewable energy and said on Feb 26 that it would increase annual oil and gas spending to US$10 billion (S$13.4 billion), in a major strategy shift ...

The British petroleum giant laid out plans Wednesday to boost spending on fossil fuels as it dials back renewable energy plans. BP officials announced a “fundamental reset” Wednesday for the ...

BP has reversed its ambitious plan to transition into a green energy company, announcing a sharp increase in oil and gas investments while significantly cutting its renewables spending.

LONDON (AP) — 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 ...

BP's shares were down 1.7 percent in afternoon trading in London. BP will increase oil and gas investment to around $10 billion per year, making up two-thirds of capital expenditure, it added ...

BP will boost investment in oil and gas while walking back a push for more renewable output, the British oil and gas multinational announced on Wednesday. The firm said it would increase oil and ...