BP PLC (BP) reports increased upstream production, a 10% dividend hike, and $7 billion in share buybacks, while navigating ...

The energy giant was vague on details, but analysts say the changes is likely to include less spending on renewable sources ...

Oil major BP is expected to spend up to $25 billion over the lifetime of a project to redevelop four Kirkuk oil and gas ...

BP chief Murray Auchincloss says the restructuring will ‘be a new direction for BP’ - Amr Alfiky/Reuters. BP has halted all ...

Energy giant BP is projected to invest up to $25 billion over the life span of a project to redevelop four Kirkuk oil and gas ...

BP is likely to reduce spending on low-emissions energy technologies like wind and hydrogen and try to boost oil and natural gas production, analysts say.

Kirkuk’s oil sector in February 2025, marking its third attempt to operate in the region amid ongoing geopolitical complexities.

BP is expected to spend as much as $25B to redevelop four Kirkuk oil and gas fields, a senior Iraqi oil official told Reuters, as the country seeks to win back foreign investment.

Provided the deal is signed, which the official said could be over the coming weeks, it would mark a breakthrough for Iraq ...

The British ambassador to Baghdad said on Wednesday that BP will engage the Kurdistan Region regarding its controversial ...