BP has said it will cut 4,700 jobs across its global workforce and 3,000 contractor roles as part of a cost-saving drive. The company did not disclose how many people were affected per country ...

Oil giant BP is to cut about 4,700 staff, more than 5% of its total workforce, as part of its plans to cut costs. The British ...

BP will slash over 5% of its global workforce as part of CEO Murray Auchincloss’ efforts to reduce costs and rebuild investor confidence after the energy giant was rocked by scandal, the company ...

Activist investor Elliott Management has built a near 5% stake in BP and is pushing the oil company to take radical action to ...

BP is planning to cut more than 5% of its 90,000-strong workforce as part of a cost-cutting drive. The British oil giant told employees in a memo Thursday that it would slash around 4,700 jobs ...

Elliott is known for its aggressive activism in the companies it invests in, frequently pushing for rapid and significant ...

BP confirmed thousands of job cuts in a statement sent to Rigzone on Friday. “Last year, we began a multi-year program to simplify and focus BP,” the statement noted. “We are strengthening ...

Elliott Management, managing $70B, has reportedly taken a stake in BP, urging significant changes to improve performance.

Kirkuk Governor Rebwar Taha announced on Thursday that BP’s agreement with the Iraqi government to operate in the province ...