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 ...

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

Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions ...

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

BP has delayed a New York investor event to allow boss Murray Auchincloss to recover after a medical procedure. The oil giant ...

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

LONDON (AP) — U.K.-based oil company BP is cutting 4,700 jobs worldwide and a further 3,000 contractor roles as part of a ...

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

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

BP revealed its fourth quarter 2024 upstream production is expected to be lower and said its chief executive is "recovering ...

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