BP plans to explore for new oil fields in the Azeri Caspian Sea, BP's upstream chief Gordon Birrell told Reuters.

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BP revealed on Thursday in its annual report that it cut Auchincloss’ paycheck by 30% in 2024 to £5.4 million ($6.9 million) ...

This fundamental reset of our strategy demonstrates a clear focus on actions to drive performance improvement and grow cash ...

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 ...

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 ...

By Stanley Reed Reporting from London BP, the energy giant, said on Wednesday that it would increase spending on oil and gas while sharply paring back investments on various forms of clean energy.