The oil major moved to shore up its finances as it pivots back to fossil fuels.

The move comes ahead of new CEO arrival.

BP suspended its buyback program to prioritize deleveraging, targeting net debt reduction from $22B to $14–$18B by 2027.

BP suspended its share buybacks and took about $4 billion in charges on its renewables and biogas assets on Tuesday, sending ...

The British energy giant said it would put money toward new oil and gas opportunities ahead of the arrival of its new chief ...

BP on Tuesday posted fourth-quarter profit in line with expectations, after crude prices dipped below $60 a barrel for the first time in nearly five years.

BP is upgraded to Buy, driven by a strategic pivot to value, high-margin hydrocarbon production, and disciplined capital ...

By buying back its own shares, a company can sometimes boost its stock price because each share represents a larger stake in ...

An agreement still has not been reached nearly one week after the United Steelworkers union announced it was prepared for a strike or lockout at the BP Whiting, Indiana, refinery. The ...

The United Steelworkers Union announced on Thursday that its workers should prepare for a strike or lockout at the BP Whiting refinery. USW 7-1 members authorized an initial financial transfer from ...

By Curtis Williams and Stephanie Kelly HOUSTON/LONDON, Feb 10 (Reuters) - BP is seeking a license from the U.S. government to ...