BP is to cut nearly 8,000 jobs as tough net zero rules pile pressure on oil and gas companies. The company will cut 4,700 ...

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 ...

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 Plc is eliminating 4,700 positions internally, about 5% of its workforce, and more than 3,000 contractor jobs, Chief ...

BP will cut over 5% of its global workforce, it said on Thursday, as part of CEO Murray Auchincloss' efforts to reduce costs and rebuild investor confidence in the energy giant. Francis Maguire ...

More cost-cutting efforts are planned this year and beyond, CEO Murray Auchincloss said, and the company has stopped or ...

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

bp is set to cut 4,700 jobs and 3,000 contractor roles, 5% of its staff, to help save the £1.6bn — and cost-cutting efforts are set to continue ...

Plus, Brookfield finalises a mammoth dividend recap and a British activist investor rattles corporate Singapore ...

BP’s decision to name Murray Auchincloss, interim chief executive since September 2023, as Bernard Looney’s official successor was praised as a measure of stability and continuity, with chair ...

The size and scope of new U.S. sanctions on Russia sent oil prices spiking on Monday, and both Brent and WTI have retained ...

European markets gave up earlier gains to close lower Tuesday, as global investors assessed a cooler-than-expected U.S.