BP p.l.c. Sponsored ADR (BP)
BP to cut 4,700 jobs in cost-cutting drive
BP PLC has unveiled plans to axe 5% of its workforce in a bid to cut costs. Some 4,700 staff are set to be laid off under the move, while 3,000 contractors will be axed, a Sky News-cited email from chief executive Murray Auchincloss said on Thursday.
BP gave a bleak outlook. Now it's reportedly slashing jobs.
After a difficult fourth quarter in which production and prices fell, oil major BP reportedly is cutting thousands of jobs.
BP to cut over 5% of workforce in CEO cost cut drive
BP announced on Thursday that it will cut around 4,700 staff, or over 5% of its total workforce, as part of CEO Murray Auchincloss' efforts to reduce costs.
Is Big Oil Losing Ground in the Supreme Court Climate Fight?
The likes of XOM and CVX face rising pressure to tackle climate deception claims and brace for the potential financial impact of ongoing lawsuits.
BP negatives clear to see in recent update says US bank
BP PLC (LSE:BP.) trading statement yesterday contained several negatives according to the analysts at US bank Citi.
BP Warns of Weak Q4 Results and Delays Capital Markets Day
BP signals a weak Q4, citing lower production and refining margins, while delaying its capital markets day as the CEO recovers from a medical procedure.
Iraq and BP to sign Kirkuk oil and gas deal by first week of Feb, oil minister says
Iraq and British oil major BP will sign a mammoth deal covering four Kirkuk oil and gas fields by the first week of February, Oil Minister Hayan Abdel-Ghani told Reuters during a visit to Britain.
BP Stock Drops After Company Warns of Impairments of Up to $2 Billion in Q4
BP (BP) stock is falling in premarket trading Tuesday after the British oil giant said it expects to book impairments of between $1.0 billion to $2.0 billion in the fourth quarter.
BP flags drop in upstream production, delays Capital Markets day
BP PLC (LSE:BP.) has released its trading update for the fourth quarter of 2024, flagging a decrease in upstream production compared to the prior quarter.
BP says drop in refining margins to dent Q4 profit
BP said on Tuesday that lower refining margins would hurt its fourth-quarter profit by $100 million to $300 million and that it expects oil trading to be weak.
BP (BP) Increases Despite Market Slip: Here's What You Need to Know
In the most recent trading session, BP (BP) closed at $31.29, indicating a +0.55% shift from the previous trading day.
BP to Help ONGC Boost Mumbai High Oil Production by 60%
BP looks forward to leveraging its extensive experience in performance optimization and recovery to help increase the output from Mumbai High oil field.
