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

BP Plc’s Chief Executive Officer Murray Auchincloss faces a critical moment next month when he makes the delayed presentation of a new strategy to investors.

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

In an email to staff late last week viewed by the AP, bp CEO Murray Auchincloss said the job losses “account for much of the anticipated reduction this year.” The reductions amount to just ...

BP PLC (NYSE: BP) plans to cut about 4,700 jobs, roughly 5% of its global workforce, as part of companywide simplification ...

BP has been in a state of flux in recent months in the wake of the scandalous exit of former CEO Bernard Looney.

“I understand and recognise the uncertainty this brings for everyone whose job may be at risk, and also the effect it can have on colleagues and teams” - BP boss Murray Auchincloss Did you ...

Its 15,000-strong UK workforce will be among those hit hard by the cuts. Murray Auchincloss, BP’s chief executive, has vowed to cut costs by the end of 2026 as part of his drive to boost returns ...

It comes as BP chief executive Murray Auchincloss puts the emphasis on oil and gas to boost profits, scaling back on the group’s key climate targets since taking the helm a year ago.

LONDON – BP is eliminating 4,700 positions, about 5 per cent of its workforce, and more than 3,000 contractor jobs, chief executive Murray Auchincloss told staff on Jan 16 as the London-based ...