The Houston oil giant is abandoning its goal of growing its renewable generation capacity 20-fold by 2030, Reuters reports.

BP is reportedly set to ditch renewable energy targets and double down on fossil fuels to regain investor confidence Read ...

CEO Murray Auchincloss has promised a “fundamental reset” to boost performance after it emerged US hedge fund Elliot had ...

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

BP Plc’s “fundamental reset” on Wednesday is the most highly anticipated strategy shift for an oil major in several years.

BP Plc is set to announce a potential sale of its lubricants business and abandon plans to cut oil and gas output as it ...

Renewable output is set to become less of a priority, while the pledge to reduce oil and gas output may be officially ...

BP's 'fundamental reset' on Wednesday is the most highly anticipated strategy shift for an oil major in several years.

Murray Auchincloss will announce BP is switching its focus back to fossil fuels amid mounting pressure from investors over ...

BP is expected to tell shareholders it will cut renewables targets and increase funding to oil and gas in order to boost shareholder returns. Read more.

I warned that the company was on borrowed time. An investor revolt could ensue if the board doesn’t change direction — fast.