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

Houston-headquartered BP plans to cut 5 percent of its workforce—about 4,700 jobs—as part of a larger cost-cutting program.

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Meeting follows non-binding memorandum of understanding announced last August that paves way for BP’s redevelopment of Kirkuk ...

Raymond James raised the firm’s price target on BP (BP) to $37 from $36 and keeps an Outperform rating on the shares. Despite the volatile ...

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

The energy giant announced earlier this week that weaker oil and gas production would hit its fourth-quarter results for last ...

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The FTSE 100 index is seen moving closer to a record high after back-to-back sessions in which London’s top flight has risen ...

State Sen. Brian Kavanagh and Assembly Member Grace Lee are backing state Sen. Brad Hoylman-Sigal, while Council Member Diana ...

British energy giant BP says it will axe 4700 staff jobs, about 5% of its workforce, and is cutting thousands of contractor roles to reduce costs. The move is part of a “multi-year programme to ...