MWC 2025 followed its usual course, with brands showing off their latest and greatest. Honor unveiled a new smartwatch with ...

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 ...

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.

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.

BP boosts oil and gas investment to $10 bln annually Cuts annual transition spending by over $5 billion Reviewing Castrol, targets $20 billion in divestment Energy transition is slower than BP ...

BP chief executive Murray Auchincloss took a £2.3 million pay cut last year amid a slump in profit at the fossil fuel giant. Mr Auchincloss took home £5.4 million in 2024 including bonuses and ...

UK supermajor BP has signed a deal with the Iraqi government to redevelop the Kirkuk oil and gas fields, the operator said on Tuesday. The new agreement covers oil and gas production of more than ...

This is a reset BP, with an unwavering focus on growing long-term shareholder value." Shell and Norwegian company Equinor have already scaled back their plans to invest in green energy.

It was more than 20 years ago that the then boss of BP reframed those famous initials as "Beyond Petroleum". It was the first tentative step in transforming the company from an oil and gas ...

The widely touted revival in animal spirits may further help activists’ cause. BP confirmed on Wednesday it would review its lubricants business Castrol, which might be worth about $10bn.