Houston-headquartered BP plans to cut 5 percent of its workforce—about 4,700 jobs—as part of a larger cost-cutting program.
Confirming the job losses, the FTSE 100 company said the reduction in its workforce was down to cost cutting measures.
BP has delayed a New York investor event to allow boss Murray Auchincloss to recover after a medical procedure. The oil giant ...
BP Plc’s Chief Executive Officer Murray Auchincloss faces a critical moment next month when he makes the delayed presentation ...
BP has been in a state of flux in recent months in the wake of the scandalous exit of former CEO Bernard Looney.
BP CEO Auchincloss last year vowed to reduce the British company's costs by at least $2 billion by the end of 2026 as part of ...
U.K.-based oil company is cutting 4,700 jobs worldwide and a further 3,000 contractor roles as part of a cost-saving drive ...
BP will cut over 5% of its global workforce as part of a strategy to reduce costs and rebuild investor confidence. CEO Murray ...
BP shares rose by 1.6% to 429.90p as of 11:05 a.m. in London, outperforming most European energy peers of the Stoxx Europe ...
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BP, which employs around 4,000 in Houston, will eliminate thousands of roles to cut costs, according to reports from ...
KEY TAKEAWAYS BP stock is falling in premarket trading Tuesday after the British oil giant said it expects to book ...
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