Turmoil on the oil patch: BP boss Murray Auchincloss inherited a difficult hand, says ALEX BRUMMER
The latest trauma at BP needs perspective. The disappointing financial results and presence of activist Elliott on the share ...
Bloomberg L.P.1mon
BP CEO Auchincloss Faces a Crucial Test in Delayed Strategy Update
BP Plc’s Chief Executive Officer Murray Auchincloss faces a critical moment next month when he makes the delayed presentation of a new strategy to investors. The sprawling energy producer has ...
WPLG29d
BP cutting 4,700 jobs worldwide as part of cost-saving drive
In an email to staff on Thursday that has been seen by The Associated Press, CEO Murray Auchincloss said the job losses “account for much of the anticipated reduction this year." Recommended ...
Yahoo Finance28d
BP cuts over 5% of workforce to reduce costs
The energy giant made the announcement Thursday. Its part of CEO Murray Auchincloss' efforts to reduce costs and rebuild investor confidence. BP told Reuters around 4,700 employees and 3,000 ...
Bloomberg L.P.29d
Bond Yields Extend Drop as Traders Firm Up Rate-Cut Bets
The group will cut 4,700 roles internally and 3,000 contractor jobs, CEO Murray Auchincloss wrote in an email to employees, which was also provided to Bloomberg. Earlier in the week, the oil giant ...
MarketWatch29d
BP gave a bleak outlook. Now it’s reportedly slashing jobs.
According to Bloomberg and Reuters and CNBC, which each cited a memo from CEO Murray Auchincloss, BP BP UK:BP is going to cut 4,700 staff jobs and another 3,000 contractor jobs. Steven Goldstein ...
Yahoo Finance29d
BP cuts over 5% of workforce to reduce costs
STORY: BP will cut more than 5% of its global workforce. The energy giant made the announcement Thursday. Its part of CEO Murray Auchincloss' efforts to reduce costs and rebuild investor confidence.