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BP cuts over 5% of workforce to reduce costs
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 energy giant. Around 4,700 employees and 3,
BP to Eliminate About 5% of Workforce to Cut Costs, CEO Says
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 energy giant seeks to reduce costs.
BP axes 4,700 jobs in cost-cutting drive
BP is cutting 4,700 jobs, or just over 5 per cent of its workforce, as part of an effort to save $2bn of costs and revive its share price.
One of the world's biggest oil companies is cutting thousands of jobs
BP is cutting 4,700 jobs and 3,000 contractor roles as part of a drive to "simplify and focus" the oil giant, it said on Thursday.
Oil major BP to cut thousands of jobs in cost-saving drive
British oil major BP on Thursday said it is planning to cut thousands of jobs as part of a major cost-cutting drive.
Oil Giant BP To Cut Thousands Of Jobs To Slash Costs
British energy giant BP on Thursday said it would axe 4,700 staff jobs and cut thousands of contractor roles as it slashes costs.
7h
on MSN
New York City lawsuit against Exxon, BP, Shell over climate change dismissed
A judge has dismissed New York City's lawsuit seeking to hold Exxon Mobil, BP and Shell liable for misleading the public ...
28m
BP to reduce 5% of workforce, focuses on cost-cutting and streamlining operations
BP will cut over 5 per cent of its global workforce, it said on Thursday, as part of CEO Murray Auchincloss’ efforts to ...
45m
BP set to eliminate thousands of jobs in turnaround plan: CEO Murray Auchincloss
BP shares rose by 1.6% to 429.90p as of 11:05 a.m. in London, outperforming most European energy peers of the Stoxx Europe ...
1d
Oil Storage Fee Rental Industry Forecast 2024-2032, Competitive Analysis of ExxonMobil, Royal Dutch Shell, BP, Chevron, TotalEnergies, and Sinopec
The "Oil Storage Fee Rental Market Report and Forecast 2024-2032" report has been added to ResearchAndMarkets.com's ...
1d
BP p.l.c. Hold Rating Amid Strategic Transition Challenges and Financial Volatility
BP p.l.c. (BP – Research Report), the Energy sector company, was revisited by a Wall Street analyst today. Analyst Christopher Kuplent from ...
3d
BP: The Citibank Of Oil
BP's focus on returning capital to shareholders is attractive, however, lower oil prices could impact the strategy. Read why ...
6d
BP Secures Landmark Deal With India's ONGC: Details
BP selected as Technical Services Provider by ONGC to enhance production in Mumbai High Field; contract for 10 years.
23h
Scotiabank Sticks to Its Hold Rating for BP (BP)
In a report released today, Paul Cheng from Scotiabank maintained a Hold rating on BP (BP – Research Report), with a price target of $36.00.
rediff.com
8d
BP beats Shell; to operate ONGC's Mumbai High fields
BP Plc has won a bid to operate ONGC's giant Mumbai High oil and gas field by offering up to 60 per cent increase in output ...
1d
BP forced to delay crucial investor meeting as boss recovers from surgery
The FTSE 100 oil giant said it has delayed next month's Capital Markets Day to allow chief exec Murray Auchincloss (pictured) ...
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