Oil prices edged lower on Friday but remained on course for a fourth consecutive week of gains, as the latest U.S. sanctions ...

bp is making 4,700 staff redundant – more than 5% of its total workforce – and axing 3,000 contractors as it pushes to cut ...

Houston-headquartered BP plans to cut 5 percent of its workforce—about 4,700 jobs—as part of a larger cost-cutting program.

The British oil giant told employees in a memo Thursday that it would slash around 4,700 jobs this year. The company also ...

The energy giant announced earlier this week that weaker oil and gas production would hit its fourth-quarter results for last ...

The job cuts align with a renewed emphasis on bolstering BP’s oil and gas operations and steering away from renewables.

LONDON – BP is eliminating 4,700 positions, about 5 per cent of its workforce, and more than 3,000 contractor jobs, chief ...

British energy giant BP says it will axe 4700 staff jobs, about 5% of its workforce, and is cutting thousands of contractor roles to reduce costs. The move is part of a “multi-year programme to ...

Meeting follows non-binding memorandum of understanding announced last August that paves way for BP’s redevelopment of Kirkuk ...

The decision is the result of the strategy of the previous CEO, Bernard Looney, who had focused on offshore wind without the ...

BP chief executive Murray Auchincloss sent a letter to all staff on Thursday setting out the firm’s plans to cut 4,700 jobs ...

BP will cut 4,700 jobs across its global workforce and 3,000 contractor roles, as part of a cost-saving drive. The company ...