The BP oil and gas giant has confirmed that it plans to slash spending on renewable energy projects by £4 billion per year.

Elliott Investment Management plans to ramp up pressure on BP after the company's turnaround plan was seen as lacking in urgency and ambition, Bloomberg reports.

Chief executive tells the Financial Times there will be “tremendous demand” for oil and gas and expects majority of company's ...

--Elliott Investment Management believes BP's strategy reset lacks urgency and ambition, Bloomberg reports, citing unnamed sources. -- The activist investor, which might hold a nearly 5% stake of BP, ...

The strategic review of Castrol will consider all options with a focus on value creation. Proceeds from any potential ...

--Auchincloss plans on promoting the company to American investors but said that moving the company's listing to the U.S. was "not on the agenda", the FT reported. --Auchincloss declined to comment on ...

Oil and gas major BP Plc. (BP) is under significant pressure from activist investor Elliott Investment Management. According to a Bloomberg ...

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

The retreat on renewables has been described as a "last-ditch attempt to cash in" against the rising tide of the energy transition.

(Alliance News) - BP PLC Chief Executive Officer Murray Auchincloss aims to more than double the London-based oil major's market value to USD200 billion within five years, the Financial Times reported ...

Julian Wentzel, who was appointed chief sustainability officer at Europe’s largest bank this month, says an overly ...

BP’s shift back to fossil fuels, a move that disappoints environmental campaigners, reflects growing market pressures and ...