BP p.l.c. faces tough times in the Energy space, with low margins. Learn why BP stock isn’t appealing and why other higher-quality stocks are preferable.
Houston-headquartered BP plans to cut 5 percent of its workforce—about 4,700 jobs—as part of a larger cost-cutting program.
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.
Petroleum giant British Petroleum will cut 4,700 jobs this year in a cost cutting measure, the company announced Thursday.
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revealed on Tuesday that preparations in oil fields in northern Iraq have been finished in anticipation of London-based British Petroleum (BP) beginning field development by the end of January.
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British Oil and Gas Company British Petroleum (BP) has completed the acquisition of the German Getec Energie GmbH, an energy supplier for commercial and industrial consumers in Germany. This is ...