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

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.

(RTTNews) - 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 a major cost-reduction initiative, reports said.

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The Ministry of Petroleum and Mineral Resources announced Sunday that drilling for two additional wells in the Raven Gas Field, operated by global energy giant British Petroleum (BP) off Egypt's ...

CEO said the oil giant wants to be a "simpler, more focused" company, which has made numerous startup investments in the energy sector. BP plc, once known as British Petroleum, said Thursday it ...

BP, which employs around 4,000 in Houston, will eliminate thousands of roles to cut costs, according to reports from ...

BP (BP) restarted its Alpha platform, which feeds into natural gas export streams to Europe, on Saturday evening after being out of operation for more than a week due to an unplanned outage ...

LONDON — U.K.-based oil company BP is cutting 4,700 jobs worldwide and a further 3,000 contractor roles as part of a cost-saving drive. In an email to staff on Thursday that has been seen by The ...

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