The company is now increasing oil-and-gas investment to around $10 billion a year to 2027—20% higher than previous guidance—and expects returns of greater than 15% on the projects.

The charge, along with a warning of lower returns from oil trading, shows the challenges awaiting incoming CEO Meg O’Neill.

BP rises despite saying it expects weaker oil trading and falling prices to weigh on Q4 earnings, while expecting net debt to have fallen to $22B-$23B by the end of 2025 from $26.1B in Q3.

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 ...

By Shadia Nasralla and Stephanie Kelly LONDON, Jan 14 (Reuters) - Oil major BP expects to book $4 billion to $5 billion in fourth-quarter impairments, mainly tied to its low-carbon energy businesses, ...

British oil giant BP posted underlying replacement cost profit, used as a proxy for net profit, of $1.4 billion for the first three months of the year. That missed analyst expectations of $1.6 billion ...

By Nidhi Verma and Anjana Anil Jan 28 (Reuters) - Shell and BP are seeking U.S. licenses to extract natural gas from fields ...

Realty Income and BP have similar dividend yields, but their risk profiles are very different.

CHONGQING, CHINA - JULY 31: In this photo illustration, a smartphone displays the logo of BP plc (NYSE: BP), a British multinational oil and gas company, in front of a screen showing the company's ...