Confirming the job losses, the FTSE 100 company said the reduction in its workforce was down to cost cutting measures.

BP has been in a state of flux in recent months in the wake of the scandalous exit of former CEO Bernard Looney.

Houston-headquartered BP plans to cut 5 percent of its workforce—about 4,700 jobs—as part of a larger cost-cutting program.

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.

The British oil giant told employees in a memo Thursday that it would slash around 4,700 jobs this year. The company also ...

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BP slashing 7,700 staff and contractor positions worldwide. BP told Business Insider it plans to cut 4,700 staff and 3,000 ...

Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions ...

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

BP confirmed thousands of job cuts in a statement sent to Rigzone on Friday. “Last year, we began a multi-year program to ...

Harvey Jones has taken advantage of the slump in the BP share price to pile into this FTSE 100 oil and gas giant. But there's a risk that he's making a big mistake. The post Have I called the BP share ...

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