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

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

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

Petroleum giant British Petroleum will cut 4,700 jobs this year in a cost cutting measure, the company announced Thursday.

ERBIL, Kurdistan Region - Kurdistan Region Prime Minister Masrour Barzani said on Thursday that Erbil must be included in the ongoing negotiations over a major deal between Baghdad and British ...

The BP share price has gained 13% over the past few weeks. Christopher Ruane considers why and explains his long-term plan as ...

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U.K.-based oil company BP is cutting 4,700 jobs worldwide and a further 3,000 contractor roles as part of a cost-saving drive ...

BP has announced it is cutting 4,700 jobs from its global workforce. The energy giant also said it will cut 3,000 contractor ...