The energy giant has been weakened by years of mishaps and poor decisions, leading to rumors of a takeover that may not ...

BP now aims to grow oil and gas production. Across the energy sector, major companies that shifted their position in response to the need to lower carbon emissions and curb climate change have ...

Summary. BP's strategic shift toward core hydrocarbon assets and Elliott Management's involvement have made investors more bullish, despite weaker-than-expected Q4 profitability.

BP’s latest plan is to return 30%-40% of cash flow to shareholders and grow the dividend by 4% per year. This payout ratio is in line with that of most European integrated oil peers.

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.

Shares of BP, which has been under pressure from activist investor Elliott Investment Management, plunged Friday after the energy giant said chair Helge Lund is stepping down.

BP plc (BP), a leading UK-based energy company, has announced plans to sell its onshore wind business in the United States. This marks a strategic shift as the energy giant refocuses on its solar ...

Murray Auchincloss, BP’s chief executive, has vowed to shift the company’s focus. Its share price has lagged behind its industry peers for a long period.

The Wall Street Journal reported yesterday that Shell (SHEL) was in early-stage talks to acquire BP (BP), a deal that could ...

Not all shareholders agree with BP's radical strategy shift back to petroleum. Dozens of them signed a letter expressing concern about increasing fossil fuel production and want to have a say in ...

BP now aims to grow oil and gas production. Across the energy sector, major companies that shifted their position in response to the need to lower carbon emissions and curb climate change have ...