ENERGY giants – such as BP, Shell, TotalEnergies and Equinor – are holding back on renewable energy commitments and focusing ...

BP plans to eliminate $2 billion in costs by 2026. Reversing a prior position on renewables, the oil & gas company will cut ...

Brazil’s state-run oil company is gearing up to boost production to 2 million barrels per day (bpd) at the Buzios field by ...

As the country plans to achieve net-zero emissions target by 2070, Indian oil companies have set their respective goals to ...

Due to investor pressure, BP will cut investments in renewable energy and increase oil and gas production. BP will raise oil ...

It is important to keep prioritising pushes for net zero and reminding fossil fuel companies of their responsibilities.

Equinor ASA EQNR is currently considered relatively undervalued, trading at a trailing 12-month enterprise value to EBITDA ...

BP announced yesterday (26 February) that it will roll back its investments into renewable energy and will instead focus on ...

The energy giant’s decision to slash renewables funding by nearly £4bn is an unwelcome development but it’s hardly surprising when our leaders are talking up flying and denigrating climate protesters, ...

Chevron is not alone. In January, BP began cutting around 4700 employees, around 5% of its workforce, and 3000 contractors – ...

The company has abandoned its plan to transition to greener energy resources; instead, it has decided to invest more in ...

On Wednesday the company said it now plans to increase investment in oil and gas exploitation by 20 percent, to around $10 ...