BP flagged a write-down of up to $5 billion in its gas and low-carbon energy segment and warned its oil-trading performance ...

The company had been a leader among the oil majors in shifting business away from fossil fuels and toward renewables.

The update comes as BP is ditching its expensive bet on net zero following a backlash from shareholders. Bernard Looney, the ...

Oil major BP expects to book US$4 billion to $5 billion in fourth-quarter impairments, mainly tied to its low-carbon energy ...

BP said it would increase annual oil and gas spending to $10 billion and cut planned annual investment in energy transition businesses by more than $5 billion. The energy company is seeking to boost ...

BP isn’t even waiting for its new CEO to start before taking a big charge over its push into renewable energy.

BP is maintaining its strategy and focus on cost cuts, its interim CEO Carol Howle told an internal town hall meeting on ...

BP announced Wednesday that interim CEO Murray Auchincloss – who took over last year following the resignation of his predecessor for failing to fully disclose personal relationships with colleagues – ...

BP has acknowledged for the first time that its struggling green energy businesses are worth far less than previously thought ...

The Deepwater Horizon spill remains one of the worst environmental disasters in U.S. history. More than 15 years later, ...