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

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

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

“BP, I’m afraid, is still in an identity crisis,” said Bank of America’s Head of European Energy Research Christopher Kuplent. The way the company has shifted priorities back and forth between ...

Murray Auchincloss took the helm at the supermajor in September 2023, promising to turn around the company’s fortunes ...

Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions ...

LONDON (AP) — U.K.-based oil company BP is cutting 4,700 jobs worldwide and a further 3,000 contractor roles as part of a ...

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 ...

Oil giant BP has delayed an investor event due to be held in New York to allow boss Murray Auchincloss to recover after a ...

Chocolate maker and cocoa processor Barry Callebaut reported a lower sales volume than expected for its first quarter on ...