BP resumed production at one of two platforms in Azerbaijan’s biggest natural gas deposit of Shah Deniz. It had stopped work ...

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

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

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

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

Shares of BP PLC BP rallied 1.37% to £4.29 Thursday, on what proved to be an all-around favorable trading session for the ...

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

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.

The company employs 90,000 people worldwide and the internal job cuts represent around 5% of its workforce.

The British oil-and-gas giant said the non-cash, post-tax charges are attributable across its business divisions.

Read here for BPT Trustee's forced termination article, predicting potential equity wipeout and near term price target of ...

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