BP could unlock value and increase share buybacks by selling its Castrol lubricants and its network of service stations. In 2020, BP, under the leadership of then-CEO Bernard Looney, committed to a 40 ...

BP is set to announce at the capital markets day that it is scaling back its 2030 renewables goal to 50GW instead of a 20-fold increase.

British Petroleum is set to abandon its ambitious renewable energy expansion targets in favor of a stronger focus on fossil fuels, according to sources familiar with the company’s new strategy ...

The U.K.-based oil major said its investments in the clean energy transition business will now be “significantly lower” and ...

Elliott wants BP to cap green spending, ditch renewable energy capacity targets, and sell off its wind and solar power generation business and potentially its Castrol lubricants, service stations ...

BP would also benefit from selling its Castrol lubricants and its network of service stations to unlock value and boost share buybacks, added the source, who also asked not to be named.