Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. BP is under pressure from activist investors and major asset ...

BP is reducing total annual capital spending as part of its strategic reset, with greater amounts going to oil and gas and less to low carbon. Divestments of $20 billion will fund debt reduction.

BP still uses the phrase “integrated energy company,” but it doesn’t mean the same thing it did when the company introduced it. With its recent pivot, it is no longer leaning into the energy ...