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 ...

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BP has been falling behind its peers for years. If it doesn’t narrow the gap, its days as an independent company could be ...

Al Masabi’s Adnoc Logistics & Services has bought Navig8 from Busch and co-founder Gary Brocklesby to incorporate its fleet ...

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

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 ...

Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions ...

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 firm, which has a global workforce of about 90,000 people, confirmed the ...

Auchincloss, who took over from disgraced former boss Bernard Looney a year ago, is ‘recovering well’ and is expected to be back in the office next month, BP said. But the investor update ...

BP is to cut nearly 8,000 jobs in the face of falling profits and rising shareholder concern over its green energy policies.