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Oil and gas giant BP has again slashed its renewable energy investment and announced more funding for greater fossil fuel production. In a further row back of climate targets the company has said ...

Oil major BP says it has slashed planned investment in renewable energy and would increase annual oil and gas spending to $10bn. It is the latest multinational in the energy sector to change its ...

By Stanley Reed Reporting from London BP, the energy giant, said on Wednesday that it would increase spending on oil and gas while sharply paring back investments on various forms of clean energy.

Mr Auchincloss took home £5.4 million in 2024 including bonuses and shares, down from £7.7 million in 2023, according to BP’s annual report. The nearly one-third drop came amid a more than £1 ...

Under Auchincloss’ predecessor, Bernard Looney, BP pledged in 2020 to cut oil and gas output by 40% while rapidly growing renewables by 2030. BP lowered the reduction target to 25% in 2023.

The financial year net profit at BNP Paribas' (BNPP.PA), opens new tab Polish unit stood at 2.36 billion zlotys ($611.76 million), ahead of the 2.18 billion zlotys forecast in a company-compiled ...

For most - but not all - shareholders, the number one job of a company's board and management is to maximise the value of the company. BP's failure to do this has led to active speculation that BP ...

BP will abandon its pledge to reduce oil and gas output and announce at least one major divestment at its investor day on Wednesday, said people familiar with the plan, as chief executive Murray ...