Confirming the job losses, the FTSE 100 company said the reduction in its workforce was down to cost cutting measures.

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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 ...

“BP, I’m afraid, is still in an identity crisis,” said Bank of America’s Head of European Energy Research Christopher Kuplent ...

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 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 ...

BP has been in a state of flux in recent months in the wake of the scandalous exit of former CEO Bernard Looney.

Oil giant BP has delayed an investor event due to be held in New York to allow boss Murray Auchincloss to recover after a ...

BP warned on Tuesday that its fourth-quarter results will be hit by weaker oil and gas production, refining margins and ...

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

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

Oil giant BP has delayed an investor event due to be held in New York to allow boss Murray Auchincloss to recover after a medical procedure as it signalled weaker end-of-year trading. Its ...