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

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

BP’s turnaround efforts helped shares to almost tie with Shell PLC as best performer among the top five oil majors last year ...

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

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

BP ( BP) said it expects Q4 results to include post-tax impairment charges of $4B to $5B, mainly tied to BP’s transition ...

BP Sees Up To $5B Impairments Tied to Low Carbon Assets BP PLC said Wednesday it expects to book $4-5 billion in write-downs ...

British energy giant BP on Wednesday revealed it expected a write-down of up to $5 billion tied to its energy transition ...

BP expects $4-5 billion in Q4 impairments primarily in its energy transition businesses, reports weak oil trading, and sees a ...

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