BP and Shell have moved to rein in parts of their clean-energy strategies after recording large write-downs, signaling a tougher phase for Europe’s oil majors. The companies reduced exposure in ...

Shell's rumored interest in acquiring BP made sense due to BP's underperformance and Shell's stronger financials and strategy. BP's aggressive green energy pivot weakened its core business, while ...

BP expects $4-5 billion in Q4 impairments primarily in its energy transition businesses, reports weak oil trading, and sees a significant drop in net debt to $22-$23 billion.