This pivot will have a deadly impact on human health. Energy giant BP signals major strategy shift with $5 billion write-down — here's why it matters first appeared on The Cool Down.

Once-dominant energy giant BP has suspended its share buyback program and ramped up cost-cutting to address a turbulent ...

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 plc BP announced an oil discovery at the Algaita-01 exploration well situated offshore Angola through its joint venture Azule Energy. Azule Energy is a joint venture between Eni S.p.A. E and BP plc ...

Big Oil’s renewable energy pivot was an expensive mistake. The British oil giant took a $5.4 billion write-down on its green energy portfolio in 2025, including $3.5 billion on solar developer ...

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, the British oil major, said Wednesday it is refocusing the company on its core oil and gas business and reducing investments in clean energy. In a Wednesday news release, BP officials said the ...

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 suspended its share buybacks and took about $4 billion in charges on its renewables and biogas assets on Tuesday, sending ...

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