Trending News: Vision 2030: If you’re not at the table, you’re on the menuVedanta Invests Over US$1 Billion in Net-Zero Transition, Targets 2.5 GW Renewable Capacity by 2030GoodWe Named S&P Global Energy Tier 1 PV Inverter Supplier for Second Consecutive YearTata Power-DDL Sees 93% Digital Bill Payments As Self-Service Adoption SurgesIESA Calls for BRICS Collaboration on Energy Storage, Critical Minerals and Local Manufacturing to Accelerate Clean Energy TransitionSolarvest Reports 19.8% YoY Rise in 1QFY27 Net Profit to RM19 Million, Backed by LSS5 and CGPP ProjectsGulf-to-China Supertanker Rates Hit $510,000 a DayRomania Restarts Coal Plant as Danube Drought Forces Nuclear ShutdownChina’s Solar Exports Fell 21.4% in JulyUK researchers make MOF for capturing heavy metals from wastewaterUS semiconductor investment tops $820bn since 2020UK biogas plant gets green light for CO2 capture and liquefactionOutlook for electronic specialty gasesU.S.-Iran Tensions Push Oil Prices Higher as Diesel Margins Hit RecordsLibya Seeks Up to $40 Billion to Boost Oil Output to 2 Million BpdChina Boosts Fuel Exports as Domestic Stockpiles SwellBrent Tops $91 After Unidentified Projectile Hits Vessel Transiting HormuzHouthis Claim Third Attack on Saudi Aramco Refinery in Two WeeksPakistan’s Power Generation Costs Jump 38% on Record Spot LNG BuysTankers U-Turn at Hormuz as Iran Tightens Its Grip10 minutes with… Airgas and Air Liquide North America CEOsWill Oil Prices Keep Rising?UCLR completes first hot fire of cryogenic LOX engineAnalysis: The key role of LNG in the UK North Sea debateAnalysis: The key role of LNG in the UK North Sea debateIndia Daily: RRECL Launches RE Monitoring Tool, CSPDCL Seeks ₹2.98/kWh BESS Tariff, GERC Advances GNA Regulations, CleanMax Plans ₹400 Cr NCDs and More…Green Energy Stocks Face Selling Pressure As Indian Markets End Lower(18 August 2026)Linde and Monash University Malaysia partner on industrial decarbonisationEquinix Signs 50 MWp Solar PPA With Flo Energy To Boost Renewable Power In SingaporeGenesis Energy Secures Fast-Track Approval For 220 MWp Foxton Solar FarmSaudi Arabia’s PIF Surges Past $900 Billion Assets as 2025 Profit More Than DoublesUK CO2 supply resilience consultation closes this weekLibya Power Crisis Explodes as Grid Fails AgainChevron Strikes Oil and Gas Offshore Angola in Major DiscoveryRussia Receives First Gasoline Cargo From India as Fuel Shortages SpreadExxonMobil awards $1.1bn in contracts for Mozambique LNG projectWhat is the near-term feasibility of helium-3 fuel for fusion power?FANCO advances engagement with regulator on HALEU plantDetritiation facility reopens at CulhamKaleidos microreactor begins journey to IdahoChina Added 200,000 Bpd to Crude Reserves in July Despite Hormuz CrisisJapan’s Oil Crisis Eases, But the Import Bill Keeps ClimbingIraq-Syria Oil Pipeline to Bypass Hormuz Is 4 Years and $15 Billion AwayChina’s Renewables Boom Faces Record Clean Power CurtailmentsDiversifying helium: Can dedicated projects reshape global supply?Hormuz Tanker Traffic Slows to a TrickleIndia Lets Delayed Renewable Projects Pay to Keep Grid AccessIndian Oil Giant Secures U.S. License to Return to VenezuelaAsian Refiners Seek Alternative Pickup Point for Saudi CrudeIndia’s Chief Economic Adviser Calls for Return of E10 PetrolChina Oil Imports Jump 22% Even as Economic Data DisappointsHow Phoenix is capitalizing on the Southwest’s opportunityIndia Daily: SECI Seeks Inputs for RE PMU, UPERC Rejects UPRVUNL Solar Petition, Adani Acquires Vizag Transmission SPV, KERC Drafts 2026 Supply Rules, Telangana Eyes 2,545 MW Solar and More…How ReNew Is Advancing Its Net-Zero and Sustainability Roadmap: Key Takeaways From Its FY2025–26 Integrated ReportCATL Achieves Carbon Neutrality Across Core Operations, Targets Full Value Chain by 2035Why Has Oil Not Rallied to $150 or Higher?Türkiye And Saudi Arabia Expand Renewable Energy Partnership To 5,000 MWPodcast | Gas distribution done right: design, reliability, and performance from source to point-of-useBangladesh tragedy shines spotlight on LNG shipbreaking safetyShell Energy Philippines Advances 30 MW/60 MWh Hermosa Battery Storage ProjectAWG appoints Vice-President of Operations for the North RegionTencent drives carbon utilisation ‘out of the lab’US CO2 Outlook Report H1 2026U.S. West Coast Refiners Tap Malaysian SupplySouth Africa’s Top Court Blocks Shell Wild Coast ExplorationHot tests completed at third Haiyang unitIAEA sees enhanced safety at Philippine research reactorBlue Energy, GE Vernova take gas-plus-nuclear collaboration to next stageIndia begins public consultation on SHANTI Bill rulesChevron strikes oil and gas in Angola’s Block 0, eyes tieback developmentKazakhstan Accuses Big Oil of $10.7 Billion Corruption in Kashagan Oil ProjectHormuz Tanker Traffic Slumps as U.S.-Iran Standoff Drags OnVance Says Cheap Oil and Gas Is Top U.S. Priority in Iran WarMiddle East Oil Tankers Are Going Dark for LongerDrone Strike Sparks Blaze at Key Russian Oil and Fuel TerminalHormuz Crisis Pushes Asian Refiners Toward U.S. OilIndia’s Coal Demand Set to Hit 1.6 Billion Tons by 2030Holcim UAE starts cement carbon capture pilot projectQatar Ras Laffan train five ‘goes offline’Vietnam’s Bac Ninh semiconductor investment hits $2.7bnIndia Daily: India Power Capacity Tops 550 GW, CEA Sets New Cybersecurity Rules, CSPDCL Advances 500 MWh BESS, India Accelerates Smart Meters, Kerala Rejects KINESCO Licence and More…CERC Approves GNA Milestone Extensions With New Charges For Renewable Energy ProjectsSaatvik Green Energy Reports INR 511 Crore Q1 FY27 Revenue, Order Book Reaches 5.89 GWGreen Energy Stocks Deliver Mixed Performance As Sensex And Nifty End Lower (14 August 2026)CIP Closes USD 3 Billion Growth Markets Fund II to Back Large-Scale Renewable Energy ProjectsOil Shocks Could Accelerate EV Adoption, WoodMac SaysU.S. Backs X-Energy Reactor With Up to $2.15 BillionOil Prices Head for 4% Weekly Gain as U.S.-Iran Deadlock Drags OnRussia Captures Record Share of India’s Oil MarketNeogenyx to break ground on Nebraska RNG facilityUS to Soon Unveil Unprecedented Sanctions on IranArgentina LNG applies to Rigi investment scheme for $51bn LNG projectGovernment approves extended operation of Almaraz plantTerraPower expands cooperation with Korean partnersNuclea Energy to acquire Moltex Energy technology portfolioConstruction starts at Saskatchewan uranium mineDecommissioning Spending in UK North Sea Hits Record HighRomania Shuts Down Last Nuclear Reactor As Danube Hits 90-Year LowUkraine Strikes Gazprom’s 200,000-Bpd Salavat Refinery in the UralsGlobal Refining System Has Little Spare Room Left
Wed. Aug 19th, 2026
Trending News: Vision 2030: If you’re not at the table, you’re on the menuVedanta Invests Over US$1 Billion in Net-Zero Transition, Targets 2.5 GW Renewable Capacity by 2030GoodWe Named S&P Global Energy Tier 1 PV Inverter Supplier for Second Consecutive YearTata Power-DDL Sees 93% Digital Bill Payments As Self-Service Adoption SurgesIESA Calls for BRICS Collaboration on Energy Storage, Critical Minerals and Local Manufacturing to Accelerate Clean Energy TransitionSolarvest Reports 19.8% YoY Rise in 1QFY27 Net Profit to RM19 Million, Backed by LSS5 and CGPP ProjectsGulf-to-China Supertanker Rates Hit $510,000 a DayRomania Restarts Coal Plant as Danube Drought Forces Nuclear ShutdownChina’s Solar Exports Fell 21.4% in JulyUK researchers make MOF for capturing heavy metals from wastewaterUS semiconductor investment tops $820bn since 2020UK biogas plant gets green light for CO2 capture and liquefactionOutlook for electronic specialty gasesU.S.-Iran Tensions Push Oil Prices Higher as Diesel Margins Hit RecordsLibya Seeks Up to $40 Billion to Boost Oil Output to 2 Million BpdChina Boosts Fuel Exports as Domestic Stockpiles SwellBrent Tops $91 After Unidentified Projectile Hits Vessel Transiting HormuzHouthis Claim Third Attack on Saudi Aramco Refinery in Two WeeksPakistan’s Power Generation Costs Jump 38% on Record Spot LNG BuysTankers U-Turn at Hormuz as Iran Tightens Its Grip10 minutes with… Airgas and Air Liquide North America CEOsWill Oil Prices Keep Rising?UCLR completes first hot fire of cryogenic LOX engineAnalysis: The key role of LNG in the UK North Sea debateAnalysis: The key role of LNG in the UK North Sea debateIndia Daily: RRECL Launches RE Monitoring Tool, CSPDCL Seeks ₹2.98/kWh BESS Tariff, GERC Advances GNA Regulations, CleanMax Plans ₹400 Cr NCDs and More…Green Energy Stocks Face Selling Pressure As Indian Markets End Lower(18 August 2026)Linde and Monash University Malaysia partner on industrial decarbonisationEquinix Signs 50 MWp Solar PPA With Flo Energy To Boost Renewable Power In SingaporeGenesis Energy Secures Fast-Track Approval For 220 MWp Foxton Solar FarmSaudi Arabia’s PIF Surges Past $900 Billion Assets as 2025 Profit More Than DoublesUK CO2 supply resilience consultation closes this weekLibya Power Crisis Explodes as Grid Fails AgainChevron Strikes Oil and Gas Offshore Angola in Major DiscoveryRussia Receives First Gasoline Cargo From India as Fuel Shortages SpreadExxonMobil awards $1.1bn in contracts for Mozambique LNG projectWhat is the near-term feasibility of helium-3 fuel for fusion power?FANCO advances engagement with regulator on HALEU plantDetritiation facility reopens at CulhamKaleidos microreactor begins journey to IdahoChina Added 200,000 Bpd to Crude Reserves in July Despite Hormuz CrisisJapan’s Oil Crisis Eases, But the Import Bill Keeps ClimbingIraq-Syria Oil Pipeline to Bypass Hormuz Is 4 Years and $15 Billion AwayChina’s Renewables Boom Faces Record Clean Power CurtailmentsDiversifying helium: Can dedicated projects reshape global supply?Hormuz Tanker Traffic Slows to a TrickleIndia Lets Delayed Renewable Projects Pay to Keep Grid AccessIndian Oil Giant Secures U.S. License to Return to VenezuelaAsian Refiners Seek Alternative Pickup Point for Saudi CrudeIndia’s Chief Economic Adviser Calls for Return of E10 PetrolChina Oil Imports Jump 22% Even as Economic Data DisappointsHow Phoenix is capitalizing on the Southwest’s opportunityIndia Daily: SECI Seeks Inputs for RE PMU, UPERC Rejects UPRVUNL Solar Petition, Adani Acquires Vizag Transmission SPV, KERC Drafts 2026 Supply Rules, Telangana Eyes 2,545 MW Solar and More…How ReNew Is Advancing Its Net-Zero and Sustainability Roadmap: Key Takeaways From Its FY2025–26 Integrated ReportCATL Achieves Carbon Neutrality Across Core Operations, Targets Full Value Chain by 2035Why Has Oil Not Rallied to $150 or Higher?Türkiye And Saudi Arabia Expand Renewable Energy Partnership To 5,000 MWPodcast | Gas distribution done right: design, reliability, and performance from source to point-of-useBangladesh tragedy shines spotlight on LNG shipbreaking safetyShell Energy Philippines Advances 30 MW/60 MWh Hermosa Battery Storage ProjectAWG appoints Vice-President of Operations for the North RegionTencent drives carbon utilisation ‘out of the lab’US CO2 Outlook Report H1 2026U.S. West Coast Refiners Tap Malaysian SupplySouth Africa’s Top Court Blocks Shell Wild Coast ExplorationHot tests completed at third Haiyang unitIAEA sees enhanced safety at Philippine research reactorBlue Energy, GE Vernova take gas-plus-nuclear collaboration to next stageIndia begins public consultation on SHANTI Bill rulesChevron strikes oil and gas in Angola’s Block 0, eyes tieback developmentKazakhstan Accuses Big Oil of $10.7 Billion Corruption in Kashagan Oil ProjectHormuz Tanker Traffic Slumps as U.S.-Iran Standoff Drags OnVance Says Cheap Oil and Gas Is Top U.S. Priority in Iran WarMiddle East Oil Tankers Are Going Dark for LongerDrone Strike Sparks Blaze at Key Russian Oil and Fuel TerminalHormuz Crisis Pushes Asian Refiners Toward U.S. OilIndia’s Coal Demand Set to Hit 1.6 Billion Tons by 2030Holcim UAE starts cement carbon capture pilot projectQatar Ras Laffan train five ‘goes offline’Vietnam’s Bac Ninh semiconductor investment hits $2.7bnIndia Daily: India Power Capacity Tops 550 GW, CEA Sets New Cybersecurity Rules, CSPDCL Advances 500 MWh BESS, India Accelerates Smart Meters, Kerala Rejects KINESCO Licence and More…CERC Approves GNA Milestone Extensions With New Charges For Renewable Energy ProjectsSaatvik Green Energy Reports INR 511 Crore Q1 FY27 Revenue, Order Book Reaches 5.89 GWGreen Energy Stocks Deliver Mixed Performance As Sensex And Nifty End Lower (14 August 2026)CIP Closes USD 3 Billion Growth Markets Fund II to Back Large-Scale Renewable Energy ProjectsOil Shocks Could Accelerate EV Adoption, WoodMac SaysU.S. Backs X-Energy Reactor With Up to $2.15 BillionOil Prices Head for 4% Weekly Gain as U.S.-Iran Deadlock Drags OnRussia Captures Record Share of India’s Oil MarketNeogenyx to break ground on Nebraska RNG facilityUS to Soon Unveil Unprecedented Sanctions on IranArgentina LNG applies to Rigi investment scheme for $51bn LNG projectGovernment approves extended operation of Almaraz plantTerraPower expands cooperation with Korean partnersNuclea Energy to acquire Moltex Energy technology portfolioConstruction starts at Saskatchewan uranium mineDecommissioning Spending in UK North Sea Hits Record HighRomania Shuts Down Last Nuclear Reactor As Danube Hits 90-Year LowUkraine Strikes Gazprom’s 200,000-Bpd Salavat Refinery in the UralsGlobal Refining System Has Little Spare Room Left
Wed. Aug 19th, 2026

BP Shareholders Demand Proof That Fossil Fuel Pivot Will Pay

A group of institutional shareholders in BP, featuring pension funds and an activist investment outlet, has filed a resolution demanding details on how exactly the company’s return to its core business of oil and gas would boost shareholder returns.

According to a Reuters report, the group includes the Australasian Centre for Corporate Responsibility, a non-profit entity that invests in energy and mining companies with a view to making them invest more in climate change.

The demands, to be tabled at BP’s next annual shareholders’ meeting, include the publication of details about the cost-competitiveness of every project the company embarks on, reports about cost overruns and project delays, and a justification for why the return to oil and gas after a brief stint as a transition company would pay off.

In fairness, the reason BP pivoted back to oil and gas was precisely the damage that its profitability suffered as a result of its attempt to go “beyond petroleum” with its big investment plans for transition industries. Since these investments lost more money than they made, BP returned to what it does best, which is extracting, refining, and selling oil and gas products.

A year ago, in a highly anticipated business strategy reset, BP announced it was increasing its investment in upstream oil and gas to $10 billion per year while slashing spending on clean energy by more than $5 billion a year.

The reason was that the reset was precisely shareholder value and the fact that BP’s stock had been underperforming the stocks of its peers ever since former CEO Bernard Looney announced the company would pivot to green energy. Interestingly, another activist investor played a role in the decision for the reset: Elliott Management has been pushing for an overhaul at the supermajor ever since it acquired a stake in it, with the focus on BP focusing more on its lucrative oil and gas business.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com

 

    • Related Posts

    China’s Solar Exports Fell 21.4% in July
    China’s Solar Exports Fell 21.4% in July

    Chinese exports of solar cells and panels dropped in July as the removal of the local export tax rebate as of April 1 continued to depress exports for the third…

    Continue reading
    Romania Restarts Coal Plant as Danube Drought Forces Nuclear Shutdown
    Romania Restarts Coal Plant as Danube Drought Forces Nuclear Shutdown

    Romania has this week restarted a 300-megawatt coal-fired power plant to partially offset the generation lost by the closure of nuclear electricity output after the low water level on the…

    Continue reading

    Have You Seen?

    Gas

    Vision 2030: If you’re not at the table, you’re on the menu

    • August 19, 2026
    Vision 2030: If you’re not at the table, you’re on the menu
    Renewables

    Vedanta Invests Over US$1 Billion in Net-Zero Transition, Targets 2.5 GW Renewable Capacity by 2030

    • August 19, 2026
    Vedanta Invests Over US$1 Billion in Net-Zero Transition, Targets 2.5 GW Renewable Capacity by 2030
    Renewables

    GoodWe Named S&P Global Energy Tier 1 PV Inverter Supplier for Second Consecutive Year

    • August 19, 2026
    GoodWe Named S&P Global Energy Tier 1 PV Inverter Supplier for Second Consecutive Year
    Renewables

    Tata Power-DDL Sees 93% Digital Bill Payments As Self-Service Adoption Surges

    • August 19, 2026
    Tata Power-DDL Sees 93% Digital Bill Payments As Self-Service Adoption Surges
    Renewables

    IESA Calls for BRICS Collaboration on Energy Storage, Critical Minerals and Local Manufacturing to Accelerate Clean Energy Transition

    • August 19, 2026
    IESA Calls for BRICS Collaboration on Energy Storage, Critical Minerals and Local Manufacturing to Accelerate Clean Energy Transition
    Renewables

    Solarvest Reports 19.8% YoY Rise in 1QFY27 Net Profit to RM19 Million, Backed by LSS5 and CGPP Projects

    • August 19, 2026
    Solarvest Reports 19.8% YoY Rise in 1QFY27 Net Profit to RM19 Million, Backed by LSS5 and CGPP Projects
    Oil & Gas

    Gulf-to-China Supertanker Rates Hit $510,000 a Day

    • August 18, 2026
    Gulf-to-China Supertanker Rates Hit $510,000 a Day
    Oil & Gas

    Romania Restarts Coal Plant as Danube Drought Forces Nuclear Shutdown

    • August 18, 2026
    Romania Restarts Coal Plant as Danube Drought Forces Nuclear Shutdown
    Oil & Gas

    China’s Solar Exports Fell 21.4% in July

    • August 18, 2026
    China’s Solar Exports Fell 21.4% in July
    Gas

    UK researchers make MOF for capturing heavy metals from wastewater

    • August 18, 2026
    UK researchers make MOF for capturing heavy metals from wastewater