Energy Giant BP To Cut Nearly 8,000 Jobs Worldwide
Confirming the job losses, the FTSE 100 company said the reduction in its workforce was down to cost cutting measures.
Oil giant BP axing thousands of jobs
The British oil giant told employees in a memo Thursday that it would slash around 4,700 jobs this year. The company also said it was cutting 3,000 contractor roles and that 2,600 of those contractors had already departed.
BP cuts over 5% of workforce to reduce costs
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BP to cut 5% of global workforce, mostly from office staff
Petroleum giant British Petroleum will cut 4,700 jobs this year in a cost cutting measure, the company announced Thursday. That amounts to about 5% of its total workforce.
BP cutting 4,700 jobs worldwide as part of cost-saving drive
U.K.-based oil company is cutting 4,700 jobs worldwide and a further 3,000 contractor roles as part of a cost-saving drive.
BP Slashes Jobs, Bolsters Oil & Gas Operations
The job cuts align with a renewed emphasis on bolstering BP’s oil and gas operations and steering away from renewables.
BP Cuts 4,700 Internal, 3,000 Contractor Roles as It Trims Costs
The company employs 90,000 people worldwide and the internal job cuts represent around 5% of its workforce.
BP Reportedly To Cuts 4,700 Jobs Or Over 5% Of Workforce
British oil major BP Plc (BP.L, BP_UN.TO, BP) is planning to cut around 4,700 jobs, representing over 5% of its workforce, as part of
BP gave a bleak outlook. Now it’s reportedly slashing jobs.
After a difficult fourth quarter in which production and prices fell, oil major BP reportedly is cutting thousands of jobs.
Oil giant BP cuts thousands of jobs to slash costs
British energy giant BP on Thursday said it would axe 4,700 staff jobs -- about five percent of its workforce -- and was cutting thousands of contractor roles to reduce
BP to cut thousands of internal, contractor jobs, Bloomberg reports
CEO Murray Auchincloss told staff on Thursday that the company is cutting 4,700 positions internally and 3,000 contractor roles,
BP is said to restart Azeri natural gas platform that supplies Europe
BP resumed production at one of two platforms in Azerbaijan’s biggest natural gas deposit of Shah Deniz. It had stopped work ...
Is PBP p.l.c. (BP) the Best Fortune 500 Dividend Stock to Buy Right Now?
We recently published a list of 12 Best Fortune 500 Dividend Stocks To Buy Right Now. In this article, we are going to take a ...
BP Fossella calls on Gov. Hochul to raise American flags in New York for Trump’s inauguration
House Speaker Mike Johnson, a Republican, last week ordered that flags at the U.S. Capitol be raised to their full height on ...
Former BP agent and Texas border czar Mike Banks appointed as Trump’s Border Patrol chief
Banks has been serving as the Lone Star State’s first-ever border czar — a position created by Gov. Greg Abbott in 2023 to ...
BP rises Monday, outperforms market
BP PLC BP shares advanced 1.50% to £4.14 Monday, on what proved to be an all-around positive trading session for the stock ...
Texas-headquartered BP announces massive layoffs, workforce reduction
Houston-headquartered BP plans to cut 5 percent of its workforce—about 4,700 jobs—as part of a larger cost-cutting program.
BP warns of fourth-quarter profit hit, postpones capital markets day
The Supreme Court upheld on Friday a law banning TikTok in the United States on national security grounds if its Chinese ...