Results from Rhino Resources’ well could be unveiled soon as state oil company updates all Orange basin activities ...

The BP layoffs are expected to affect over 5% of the company’s workforce, with the cuts mainly taking place among office ...

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

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

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 ...

Stocks broadly got a lift this week from an encouraging report on U.S. inflation, which raised hopes that the Federal Reserve may deliver more interest rate cuts this year. Wall Street has been ...

The job cuts align with a renewed emphasis on bolstering BP’s oil and gas operations and steering away from renewables.

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

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.

Petroleum giant British Petroleum will cut 4,700 jobs this year in a cost cutting measure, the company announced Thursday. That amounts to about 5% of its total workforce.

President-elect Donald Trump tasked a New Jersey congressman and vocal critic of offshore wind with writing an executive order he could issue to halt wind energy projects. Offshore wind is a major ...

BP will cut over 5% of its global workforce, it said yesterday, as part of CEO Murray Auchincloss’ efforts to reduce costs and rebuild investor confidence in the energy giant. Around 4,700 ...