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, it said on Thursday, as part of CEO Murray Auchincloss' efforts to reduce costs and rebuild investor confidence in the energy giant. Francis Maguire ...

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 ...

UK energy giant BP said it will cut more than 5% of its global workforce, as the company continues a plan to reduce costs as ...

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

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

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

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 ...

The oil giant, which announced the cuts in a staff memo, has about 90,000 workers globally and 14,000 in the UK.

After a difficult fourth quarter in which production and prices fell, oil major BP reportedly is cutting thousands of jobs.

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 ...

London-based energy firm BP plan to cut its global workforce by just over five per cent, resulting in 4,700 job losses. The ...