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

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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 ...

BP is not the only oil and gas company to cut its workforce. In September, Shell announced it would cut 20 percent of its ...

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

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

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 ...

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

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.