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

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

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

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

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

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

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

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

Ed Miliband has already twice delayed a decision on whether to grant the development consent order for the project - Isabel Infantes/Reuters BP has shelved plans to build a major hydrogen project in ...

Oil giant BP has struck a £4.4 billion deal, selling a 65 per cent stake in its motor oil division, Castrol, to New York-based investment firm Stonepeak. The deal values Castrol at £7.5 ...

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 ...

British Petroleum, one of the world's largest integrated oil and gas companies, has said it expects to write down the value ...