The energy major's 2024 profit came in under forecasts and fell compared with 2023 due to lower oil and gas prices and lower margins in the downstream business. But management has kept to its $3.5bn ...

Results from Rhino Resources’ well could be unveiled soon as state oil company updates all Orange basin activities ...

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

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

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

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

The British oil giant told employees in a memo Thursday that it would slash around 4,700 jobs this year. The company also ...

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.

BP chief executive Murray Auchincloss sent a letter to all staff on Thursday setting out the firm’s plans to cut 4,700 jobs ...

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