BP will slash over 5% of its global workforce as part of CEO Murray Auchincloss’ efforts to reduce costs and rebuild investor confidence after the energy giant was rocked by scandal, the company said ...

BP PLC (NYSE: BP) plans to cut about 4,700 jobs, roughly 5% of its global workforce, as part of companywide simplification ...

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

BP p.l.c. is considered a value opportunity among global majors despite underperforming, with potential for growth. Learn ...

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

BP said the company sought assurances from Looney in 2022 about the relationships but has concluded that his statements were “inaccurate and incomplete." Details of Mr Auchincloss’s medical ...

BP p.l.c. (LON:BP – Get Free Report) insider Murray Auchincloss bought 88 shares of the stock in a transaction that occurred on Friday, January 10th.The shares were purchased at an average cost ...

London-based energy firm BP plan to cut its global workforce by just over five per cent, resulting in 4,700 job losses. The oil giant will also remove 3,000 contractor positions, reports Reuters, ...

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

BP, which employs around 4,000 in Houston, will eliminate thousands of roles to cut costs, according to reports from ...

Chief exec Murray Auchincloss (pictured) told staff the oil giant would axe 4,700 roles - 5% of its global workforce - and 3,000 contractor positions.