BP to ‘Fundamentally Reset’ Strategy in Shift Back to Oil and Gas
BP, the energy giant, on Wednesday said it would increase spending on oil and gas while sharply paring back investments on various forms of clean energy. The move appears to…
Russia Is Wooing Western Energy Companies, but Will They Return?
Kremlin officials are dangling the prospect of lucrative investment deals for American energy companies, apparently seeking to convince President Trump that large economic gains could come from siding with Moscow…
BP to ‘Reset’ Strategy After Pressure From Investors, C.E.O. Says
Murray Auchincloss, the chief executive of the struggling energy giant BP, promised “a fundamental reset” of the company’s strategy on Tuesday while reporting disappointing earnings. The shift comes after a…
How Trump’s Canadian Oil Tariff Would Hit U.S. Refineries
The largest refinery in the Midwest will have an unpalatable choice if President Trump imposes tariffs on Canadian oil: Pay more for the crude that it transforms into gasoline and…