bp said it will cut its renewable energy investments and refocus on increasing oil and gas production.
The energy giant will outline its strategy later following pressure from some investors unhappy its profits and share price have been much lower than its rivals.
Shell and Norwegian company Equinor have already scaled back their plans to invest in green energy.
Some shareholders and environmental groups have voiced concerns over any potential ramping up on production of fossil fuels.
Five years ago, the company set some of the most ambitious targets among large oil companies to cut production of oil and gas by 40% by 2030, while significantly ramping up investment in renewables.
bp to refocus on oil an gas sector
