BP (BP) wrote down $5.4B in renewable energy assets. It suspended buybacks and is returning to upstream oil. Oil majors that invested heavily in renewable projects have underperformed those that ...

BP plc is rated a strong sell due to weak financials, poor reserve life, and underperformance versus peers. BP suspended its buyback program to prioritize deleveraging, targeting net debt reduction ...

BP (BP) -7.3% in Tuesday's trading after saying alongside Q4 earnings results that it has suspended its share buyback program that already had been reduced last year and withdrew guidance of returning ...

BP said it was halting stock buybacks as the oil and gas giant said it wanted to rebuild its balance sheet. The London-based energy group UK:BP BP said Tuesday it was trying to reduce net debt by as ...

The British energy giant said it would put money toward new oil and gas opportunities ahead of the arrival of its new chief executive, Meg O’Neill. By Stanley Reed Reporting from London BP, the ...

BP (NYSE: BP) is suspending share buybacks and retiring the goal to return 30-40% of operating cash flow to shareholders, as the supermajor looks to strengthen its balance sheet amid intense ...

Add Yahoo as a preferred source to see more of our stories on Google. The United Steelworkers Union announced on Thursday that its workers should prepare for a strike or lockout at the BP Whiting ...

The United Steelworkers Union announced on Thursday that its workers should prepare for a strike or lockout at the BP Whiting refinery. USW 7-1 members authorized an initial financial transfer from ...

UK supermajor BP has agreed to sell a 65% stake in its Castrol subsidiary to global investment firm Stonepeak, in a deal giving the lubricants player an enterprise value of $10.1 billion. BP confirmed ...

BP shipping boss Carol Howle has been named interim chief executive as the UK group prepares to welcome the first permanent female head of a major oil company. The London and New York-listed major ...

Forbes contributors publish independent expert analyses and insights. Gaurav Sharma is a London-based analyst who covers energy & ESG. A shock departure of BP CEO Murray Auchincloss was announced by ...