The Justice Department and five states on Monday announced a $20 billion final settlement of claims arising from the 2010 Deepwater Horizon oil spill in the Gulf of Mexico. BP has reached an $18.7 ...

British energy company BP has confirmed it is to slash spending on green ventures and up its oil and gas production LONDON -- British energy company BP confirmed Wednesday that it would slash ...

Meanwhile, BP is refocusing its investments on oil and gas and increasing those capital expenditure allocations to about $10 billion per year. The company wants to grow production to between 2.3 ...

Embattled oil major BP on Wednesday unveiled what it billed as a strategic reset, planning to increase oil and gas investment while reducing outlays for greener fuels. Unveiling a delayed strategy ...

British oil giant BP (BP) is pivoting its focus back to its core business of oil and gas while lowering spending on renewables. On Wednesday, the British energy giant announced it will increase ...

The British petroleum giant laid out plans Wednesday to boost spending on fossil fuels as it dials back renewable energy plans. BP officials announced a “fundamental reset” Wednesday for the ...

FILE - A sign at a BP petrol station in London, Feb. 7, 2023. British energy giant BP has confirmed it is to slash spending on green ventures and up its oil and gas production. (AP Photo/Kirsty ...