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

Energy company also under pressure from worse oil trading performance and weaker oil prices ...

Oil giant BP has warned it will take a hit of up to $5bn in the final quarter of 2025, primarily due to lowering the value of ...

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

BP has said it expects to write down between $4bn and $5bn of its green energy business. The move comes as the company ...

Energy giant BP on Wednesday said it expected to take an impairment charge of $4bn - $5bn in ‌the fourth quarter, mainly ...

BP has warned shareholders that it will write down the value of its green investments by between $4 billion and $5bn.

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

Supermajor says fourth-quarter impairments relate to transition businesses, while offshore wind JV tight-lipped over AR7 ...

The charge, along with a warning of lower returns from oil trading, shows the challenges awaiting incoming CEO Meg O’Neill.

Oil giant BP has struck a £4.4 billion deal, selling a 65 per cent stake in its motor oil division, Castrol, to New ...

BP is selling its onshore wind business in the latest stage of its reverse away from renewable energy. The UK supermajor agreed a deal that will see LS Power acquire its 1.3 gigawatts of interests in ...