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

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

BP BP-0.14%decrease; red down pointing triangle will cut 4,700 internal and 3,000 contractor roles across its business as part of cost-cutting measures. Employees at the British oil-and-gas giant ...

AP Since June, BP has halted or paused 30 projects to prioritize those with the highest profitability. The company has fallen behind other oil majors. BP, whose market capitalization was at $84.58 ...

BP is planning to cut more than 5% of its 90,000-strong workforce as part of a cost-cutting drive. The British oil giant told employees in a memo Thursday that it would slash around 4,700 jobs ...

Last year, BP also scaled back its plans to reduce the amount of oil and gas it produces by 2030. Under Looney, the company had previously promised that emissions would be 35% to 40% lower by the ...

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BP has announced it is cutting 4,700 jobs from its global workforce. The energy giant also said it will cut 3,000 contractor roles as part of a cost-saving drive across the company. It comes as ...

Oil giant’s boss introduces cost-cutting measures as Britain moves away from fossil fuels BP is to cut nearly 8,000 jobs in the face of falling profits and rising shareholder concern over its ...

BP will be axing 7,700 jobs from its workforce as part of major cost cutting plans. The oil and gas giant will be cutting 4,700 jobs across its global workforce alongside 3,000 contractor roles.

After a difficult fourth quarter in which production and prices fell, oil major BP reportedly is cutting thousands of jobs. According to Bloomberg and Reuters and CNBC, which each cited a memo ...