BP’s overhaul can start with a new Chair
BP has a laundry list of problems. The $93 billion UK oil major has a confused strategy, an overleveraged balance sheet, and ...
CNN28d
Oil giant BP axing thousands of jobs
Shares in BP were up over 1% by early afternoon in London following the news. The company’s stock plummeted almost 16% over 2024 as Auchincloss tried to assuage investors’ concerns over its ...
MarketWatch29d
BP gave a bleak outlook. Now it’s reportedly slashing jobs.
BP is going to cut 4,700 staff jobs and another 3,000 contractor jobs. Steven Goldstein is based in London and responsible for MarketWatch's coverage of financial markets in Europe, with a ...
standard-journal3d
BP: Q4 Earnings Snapshot
BP PLC (BP) on Tuesday reported a fourth-quarter loss of $1.96 billion, after reporting a profit in the same period a year earlier.
Reuters29d
BP cuts over 5% of workforce to reduce costs
LONDON, Jan 16 (Reuters) - BP will cut over 5% of its global workforce, it said on Thursday, as part of CEO Murray Auchincloss' efforts to reduce costs and rebuild investor confidence in the ...
Yahoo Finance29d
BP to Eliminate About 5% of Workforce to Cut Costs, CEO Says
The job cuts come days after BP announced it was delaying next month’s strategy update and relocating it to London from New York to give Auchincloss more time to recover from a medical procedure.