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

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

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

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

Wind, solar, and EV investments are slowing as subsidies fade, revealing profitability challenges that proponents long argued ...

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 ...

JERA Nex BP will buy its partner EnBW's stake in the Mona offshore wind ​project and has signed a lease ‌agreement for the ...

BP, the British oil major, said Wednesday it is refocusing the company on its core oil and gas business and reducing investments in clean energy. In a Wednesday news release, BP officials said the ...