BP Refocuses on Oil Amid Elliott Pressure, But Cuts Buybacks
BP Plc announced a major pivot back to its core oil and gas business and promised to sell assets and reduce spending, but ...
BP to slash renewables spending in pivot back to oil and gas
BP will spend $10bn a year on producing more oil and gas, slash its spending on renewable energy and sell $20bn of assets as it tries to revive its share price under pressure from activist investor ...
Energy Live News1h
BP changes gear – oil and gas back on
BP is set to make a dramatic U-turn, scrapping its ambitious renewable energy goals and shifting its focus back to oil and ...
Buy6m
BP "reset" to slash green spend aims and lift oil and gas investment
It represents somewhat of a pivot back from BP, which has faced pressure from activist investor Elliott Management to revive its fortunes. In 2020, BP targeted cutting oil and gas production by 40% by ...
Global Justice Now51m
“Vultures circling over BP have chosen renewables as prey” – campaigners react to BP’s green rollback
Commenting on BP’s rollback of green energy pledges, Izzie McIntosh, climate campaign manager at Global Justice Now said: The ...