Sources say the oil and gas major is scrapping plans to ramp up renewable capacity 20-fold by 2030, returning instead to a focus on fossil fuels.

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

BP chairman Helge Lund (pictured), has overseen a number of strategy U-turns since taking the helm in 2019. Shares have since ...

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

Iraq and oil giant BP signed a contract to redevelop Kirkuk's four oil and gas fields. BP announced the deal on Tuesday. This ...

DUBAI (Reuters) -Iraq and oil major BP have signed a deal to redevelop four Kirkuk oil and gas fields, BP said on Tuesday, a ...

BP Plc is set to announce a potential sale of its lubricants business and abandon plans to cut oil and gas output as it embarks on a shift away from renewable energy amid pressure from activist ...

BP (BP) is slated to announced a possible sale of its lubricants unit and drop plans to lower oil and gas output as it begins to shift away ...

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

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

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.

Also illuminating: Nearly two-thirds of Americans are worried about climate change consequences. Between 61% and 77% think ...