British oil major BP on Tuesday posted a sharp drop in fourth-quarter profit on weaker refining margins, announcing a $1.75 billion share buyback and a pledge to "fundamentally" reset its strategy.

British oil giant BP announced Tuesday an 86 percent slide in annual net profit, hit by lower crude prices and a huge write-down linked to its green energy transition. Profit after tax dropped to $55 ...

British oil giant BP reportedly will announce plans to abandon its renewable generation goals this week in an effort to boost earnings. IAEA says no radiation leaked from Natanz after Iran claims ...

A court ruling requires the British government to consider the potential climate impact of the oil and gas produced in the North Sea. By Stanley Reed Reporting from London A court in Scotland blocked ...

BP shares jumped early Monday following weekend reports that activist investor Elliott Management has built a stake in the struggling oil major. The company has declined to comment on the reports, ...

British oil major BP on Tuesday posted a sharp drop in fourth-quarter profit on weaker refining margins and pledged to "fundamentally" reset its strategy. Despite this, the embattled energy company ...