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 ...

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.

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.

President-elect Donald Trump tasked a New Jersey congressman and vocal critic of offshore wind with writing an executive ...

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Plc has announced plans to cut about 7,700 jobs as part of its ongoing efforts to reduce costs in 2025. The company plans to cut 4,700 full-time jobs and dismiss over 3,000 contractors. According to ...

British energy titan BP (NYSE: BP) unveiled a significant restructuring plan on Thursday, announcing the elimination of ...

British oil and gas major BP announced on Thursday that it will be reducing its workforce by thousands as part of a ...