Elliott Investment Management is ramping up pressure on BP Plc after its new strategy fell short of the activist investor’s ...

Campaigners from climate groups including Fossil Free London and Weald Climate Action Group staged a protest outside BP’s ...

Chevron is not alone. In January, BP began cutting around 4700 employees, around 5% of its workforce, and 3000 contractors – ...

BP slashes green energy spending and turns back towards fossil fuels BP is making a drastic pullback from renewables in ...

Oil futures settled lower Wednesday, with concerns over the global economic outlook and potential for an end to Russia's war against Ukraine that could lift sanctions on Moscow prompting prices to ...

Good afternoon and happy Wednesday, readers! We are starting off today’s newsletter with President Donald Trump announcing plans to cancel an oil deal with Venezuela made by his predecessor. Callie an ...

Nvidia on Wednesday reported a surge in fourth-quarter profit and sales as demand for its specialized Blackwell chips which ...

BP dropped a bombshell on February 26, 2025, unveiling a “fundamentally reset” strategy that pumps the brakes on its green ...

BP, the British Oil major, said it is refocusing the company on its core oil and gas business and reducing investments in clean energy.

The energy giant said it would cut planned investment in clean energy and redirect spending toward fossil fuels.

In addition to divesting $20 billion of assets, BP plans to slash investments in renewables and boost growth elsewhere.

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