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

BP is set to announce at the capital markets day that it is scaling back its 2030 renewables goal to 50GW instead of a ...

Five years ago, BP set some of the most ambitious targets among large oil companies to cut production of oil and gas by 40% ...

Renewable output is set to become less of a priority, while the pledge to reduce oil and gas output may be officially ...

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

Iraq and oil major BP have signed a deal to redevelop four Kirkuk oil and gas fields, BP said on Tuesday, a breakthrough for ...

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.

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

Oil and gas giant poised to scrap plans to increase renewable energy generation 20-fold this decade, Reuters reports ...

The decision comes as BP faces investor pressure over its underperformance compared to competitors ...

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

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 ...