The company had been a leader among the oil majors in shifting business away from fossil fuels and toward renewables.

BP expects to book $4 billion to $5 billion in impairments in the fourth quarter, mainly related to its energy transition ...

BP isn’t even waiting for its new CEO to start before taking a big charge over its push into renewable energy.

BP’s turnaround efforts helped shares to almost tie with Shell PLC as best performer among the top five oil majors last year ...

The update comes as BP is ditching its expensive bet on net zero following a backlash from shareholders. Bernard Looney, the ...

BP rises despite saying it expects weaker oil trading and falling prices to weigh on Q4 earnings, while expecting net debt to ...

BP ( BP) said it expects Q4 results to include post-tax impairment charges of $4B to $5B, mainly tied to BP’s transition ...

BP has acknowledged for the first time that its struggling green energy businesses are worth far less than previously thought ...

British energy giant BP on Wednesday revealed it expected a write-down of up to $5 billion tied to its energy transition ...

BP expects $4-5 billion in Q4 impairments primarily in its energy transition businesses, reports weak oil trading, and sees a ...

Forbes contributors publish independent expert analyses and insights. Gaurav Sharma is a London-based analyst who covers energy & ESG. Following his predecessor Bernard Looney's sudden departure last ...