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

The energy giant announced earlier this week that weaker oil and gas production would hit its fourth-quarter results for last ...

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

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

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.

Oil giant BP (BP) is laying off about 5% of its workforce as it looks to bring down costs, CEO Murray Auchincloss told staff ...

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

The groundbreaking ceremony for the $200 million Shafag solar power plant took place on November 12, 2024. Two documents were signed: an investment agreement between the government of Azerbaijan and ...

BP p.l.c. (NYSE:BP) shares fell premarket on Tuesday after the company updated fourth-quarter guidance. The company expects ...

Barclays analyst Lydia Rainforth maintained a Buy rating on BP p.l.c. (BP – Research Report) today and set a price target of £6.50. The ...

There is no doubt that BP is cheap. The oil company boasts a P/E of 8.22, a P/S of 0.44, and an EV/EBITDA of 4.03. That's on average -44.4% below the sector median according to Seeking Alpha.