Big Oil’s renewable energy pivot was an expensive mistake. The British oil giant took a $5.4 billion write-down on its green ...

The oil major moved to shore up its finances as it pivots back to fossil fuels.

BP suspended its buyback program to prioritize deleveraging, targeting net debt reduction from $22B to $14–$18B by 2027. Click to read why BP is a Strong Sell.

The oil giant also says it is suspending its share buyback programme ahead of the arrival of its new boss.

The British energy giant said it would put money toward new oil and gas opportunities ahead of the arrival of its new chief ...

British oil giant BP announced Tuesday an 86 percent slide in annual net profit, hit by lower crude prices and a huge write-down linked to its green energy transition. British rival Shell last week ...

BP detailed a previously-flagged US$4 billion of writedowns from its energy transition business in the fourth quarter, which included Archaea Energy, the biogas business BP agreed to buy for US$4.1 ...

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. The energy company is seeking to boost ...

BP stock fell 5.4% Tuesday after suspending buybacks to strengthen balance sheet as Q4 profit of $1.54B matched estimates ...

BP shares have underwhelmed over the last 12 months, but could they start catching up in 2026, or are there more headwinds on the horizon? The post £1,000 invested in BP shares 1 year ago is now ...