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 ...

Ed Miliband has already twice delayed a decision on whether to grant the development consent order for the project - Isabel Infantes/Reuters BP has shelved plans to build a major hydrogen project in ...

Once-dominant energy giant BP is running on empty as it curbs shareholder payouts and unveils fresh attempts to bolster its ...

BP has taken a hit of more than £3billion following its disastrous push into renewables. The oil giant said it will wipe £3billion to £3.7billion off the value of its green energy business as it ...

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 has become the first oil major to suspend its share buyback programme, as the company intensifies its efforts to shore up its balance sheet after an ambitious push into green energy backfired.

BP is selling its onshore wind business in the latest stage of its reverse away from renewable energy. The UK supermajor agreed a deal that will see LS Power acquire its 1.3 gigawatts of interests in ...

Plans for an up to 26 GW wind, solar and green hydrogen hub have new life breathed into them, just six months after they were abandoned by global oil and gas major bp.

It should have moved ‘Beyond Petroleum’ by now, with wind, solar and hydroelectric power powering its profits. If you ...

BP's safety and operational reliability have markedly improved since 2019, with process safety events dropping to 27 in 2025. Click to read why BP is a Buy.

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 ...