The BP layoffs are expected to affect over 5% of the company’s workforce, with the cuts mainly taking place among office ...

BP employs more than 90,000 people currently, but according to CNN, that number will drop by more than 4,000 in 2025. With ...

Stocks broadly got a lift this week from an encouraging report on U.S. inflation, which raised hopes that the Federal Reserve ...

Oil futures settled lower on Friday, but scored a fourth straight week of gains after wider sanctions against Russia's energy industry tightened supply. Shares of SLB advanced after the oilfield ...

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

The job cuts align with a renewed emphasis on bolstering BP’s oil and gas operations and steering away from renewables.

BP plc BP, the British oil and gas giant, has announced job cuts to reduce its global workforce as part of its cost-cutting initiatives to restore investors’ confidence in the energy stock. The ...

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

The recent oil price rally appears to have been halted, at least temporarily, thanks to hopes of a de-escalation in the ...

BP confirmed thousands of job cuts in a statement sent to Rigzone on Friday. “Last year, we began a multi-year program to ...

BP chief executive Murray Auchincloss sent a letter to all staff on Thursday setting out the firm’s plans to cut 4,700 jobs ...