Donald Trump’s inaugural address as US president this week included a eulogy to fossil fuels and the “liquid gold under our feet”. Despite BP’s large oil and gas operations and reserves in Texas and ...

The BP layoffs are expected to affect over 5% of the company’s workforce, with the cuts mainly taking place among office ...

British Petroleum (BP) has announced a significant restructuring initiative that will see the company lay off approximately 4 ...

Norwegian technology company Vissim has been hired to deliver a Centralized Vessel Monitoring and Alerting System (CVMAS) to ...

It comes as BP chief executive Murray Auchincloss puts emphasis on oil and gas to boost profits, scaling back on the group’s ...

BP will cut over 5% of its global workforce, it said on Thursday, as part of CEO Murray Auchincloss' efforts to reduce costs and rebuild investor confidence in the ...

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

Stocks broadly got a lift this week from an encouraging report on U.S. inflation, which raised hopes that the Federal Reserve ...

Oil prices edged lower on Friday but remained on course for a fourth consecutive week of gains, as the latest U.S. sanctions ...

bp is making 4,700 staff redundant – more than 5% of its total workforce – and axing 3,000 contractors as it pushes to cut ...

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

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