Under pressure from an activist investor and a sagging share price, the CEO of energy giant BP pledges to return his company ...

BP said it would increase its oil and gas investments to about $10 billion a year as it pivots away from its low-carbon strategy.

BP boosts oil and gas investment to $10 bln annually Cuts annual transition spending by over $5 billion Reviewing Castrol, targets $20 billion in divestment Energy transition is slower than BP ...

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 ...