BP takes $4bn-$5bn hit on green energy business
UK oil major suffers latest setback as it tries to pivot back to fossil fuels
UK oil major suffers latest setback as it tries to pivot back to fossil fuels

UK oil major’s valuation as a multiple of expected ebitda is lower than its European peers and the gap is widening

Shareholders will challenge oil major over ‘undisciplined capital allocation’

UK oil major lost two votes at its annual shareholder gathering over climate disclosures and electronic meetings

Status update on plan to save $5bn comes as US hedge fund pushes energy major to go even further

UK energy major’s chief describes conditions as ‘challenging on all fronts’

Martin Thomsen’s departure comes ahead of arrival of oil major’s new chief executive this week