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 earnings and shareholder returns and to regain investor ...

British energy giant BP is set Wednesday to announce a shakeup to its strategy after a difficult trading year and as countries transition to cleaner energy. A much anticipated presentation to investors gathered in London comes after BP earlier this month ...

BP is considering selling a minority stake in its offshore wind business, the latest effort by chief executive Murray Auchincloss to reduce the company's focus on renewables. The UK supermajor is scaling back the company’s energy transition strategy in ...

Shell plcs head of mergers and acquisitions, Greg Gut, has left the company following internal disagreements over a proposed takeover of rival energy giant BP, according to a report by the Financial Times.

BP plc has named Meg O’Neill as its new chief executive officer, effective April 1, 2026. O’Neill, who currently serves as CEO of Woodside Energy, will replace Murray Auchincloss, who will step down as CEO and board director on December 18.

Brazil's state-run oil company Petrobras signed a deal to acquire 49.99% of Lightsource bp's subsidiaries in the country, the firms said in a statement on Tuesday.