The BP layoffs are expected to affect over 5% of the company’s workforce, with the cuts mainly taking place among office ...

Sources close to the company say there is growing frustration over the firm's direction, adding that the investor update on ...

Stocks broadly got a lift this week from an encouraging report on U.S. inflation, which raised hopes that the Federal Reserve ...

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

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

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

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

Use precise geolocation data and actively scan device characteristics for identification. This is done to store and access ...

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

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Petroleum giant British Petroleum will cut 4,700 jobs this year in a cost cutting measure, the company announced Thursday.

U.K.-based oil company BP is cutting 4,700 jobs worldwide and a further 3,000 contractor roles as part of a cost-saving drive ...