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

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

Its 15,000-strong UK workforce will be among those hit hard by the cuts. Murray Auchincloss, BP’s chief executive, has vowed to cut costs by the end of 2026 as part of his drive to boost returns ...

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

In an email to staff late last week viewed by the AP, bp CEO Murray Auchincloss said the job losses “account for much of the anticipated reduction this year.” The reductions amount to just ...

LONDON – BP is eliminating 4,700 positions, about 5 per cent of its workforce, and more than 3,000 contractor jobs, chief executive Murray Auchincloss told staff on Jan 16 as the London-based ...

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 ...

It comes as BP chief executive Murray Auchincloss puts emphasis on oil and gas to boost profits, scaling back on the group’s key climate targets since taking the helm one year ago.

BP ( BP) will eliminate 4,700 positions internally, ~5% of its workforce, and more than 3,000 contractor jobs, with more cost-cutting efforts planned for this year and beyond, the CEO said. The job ...

BP Plc’s Chief Executive Officer Murray Auchincloss faces a critical moment next month when he makes the delayed presentation of a new strategy to investors. The sprawling energy producer has ...