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.

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

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 from ...

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 ...

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

London-based energy firm BP plan to cut its global workforce by just over five per cent, resulting in 4,700 job losses. The ...

BP Plc is eliminating 4,700 positions internally, about 5% of its workforce, and more than 3,000 contractor jobs, Chief Executive Officer Murray Auchincloss told staff on Thursday, as the London-based ...

UK energy giant BP said it will cut more than 5% of its global workforce, as the company continues a plan to reduce costs as ...

Employees at the British oil-and-gas giant were told of the job cuts Thursday via an email from Chief Executive Murray Auchincloss.

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