BP to cut 4,700 jobs globally

BP to cut 4,700 jobs and 3,000 contractor roles to reduce costs
LONDON – BP is eliminating 4,700 positions, about 5 per cent of its workforce, and more than 3,000 contractor jobs, chief executive officer (CEO) Murray Auchincloss told staff on Jan 16, as the London-based energy giant seeks to reduce costs.
BP cuts nearly 5,000 jobs in wake of ex-CEO Bernard Looney scandal
BP has been in a state of flux in recent months in the wake of the scandalous exit of former CEO Bernard Looney.
BP to cut 5% of its workforce in bid to slash costs
Oil giant BP has announced it will cut 4,700 jobs across its global workforce and 3,000 contractor roles as part of a cost-saving drive.
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 reduce costs and rebuild investor confidence in the energy giant.
BP cuts thousands of jobs to slash costs
British energy giant BP says it will axe 4700 staff jobs, about 5% of its workforce, and is cutting thousands of contractor roles to reduce costs. The move is part of a “multi-year programme to simplify” the group and improve performance,
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 Slashes Workforce: A Strategic Move to Cut Costs and Regain Investor Confidence
BP is set to reduce over 5% of its global workforce, impacting 4,700 employees and 3,000 contractor roles. The cost-cutting initiative aims to save at least $2 billion by 2026 and restore investor confidence following the abrupt resignation of former CEO Bernard Looney.
BP Cutting 4,700 Jobs Worldwide as Part of Cost-Saving Drive
U.K.-based oil company is cutting 4,700 jobs worldwide and a further 3,000 contractor roles as part of a cost-saving drive
BP Reportedly To Cuts 4,700 Jobs Or Over 5% Of Workforce
British oil major BP Plc (BP.L, BP_UN.TO, BP) is planning to cut around 4,700 jobs, representing over 5% of its workforce, as part of
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 ...
Hoodline5h
Manhattan Court Dismisses NYC Greenwashing Lawsuit Against ExxonMobil, BP, and Shell
NYC's lawsuit against ExxonMobil, BP, and Shell for greenwashing has been dismissed by a state Supreme Court judge.
BP to slash 8,000 jobs in bid to save £1.6bn: Axe falls as boss waters down its green targets
Chief exec Murray Auchincloss (pictured) told staff the oil giant would axe 4,700 roles - 5% of its global workforce - and ...
Investing13d
FTSE 100 slides as BP, Shell rise but poor mortgage data hits housebuilders
Thursday’s rise had lifted shares in FTSE 100 heavyweights BP PLC (LSE:BP.) and Shell PLC (LSE:SHEL, NYSE:SHEL), aiding the ...
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.
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) ...
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 ...
BP Expects to Book Up to $2 Billion in Charges, Sees Lower Upstream Production
The British oil-and-gas giant said the non-cash, post-tax charges are attributable across its business divisions.