(RTTNews) - British oil major BP Plc (BP.L, BP_UN.TO, BP) is planning to cut around 4,700 jobs, representing over 5% of its workforce, as part of a major cost-reduction initiative, reports said.

Bullish option flow detected in BP (BP) with 15,808 calls trading, 1.4x expected, and implied vol increasing almost 2 points to 31.60%. Feb-25 32 calls and Mar-25 30 puts are the most active ...

LONDON — U.K.-based oil company BP is cutting 4,700 jobs worldwide and a further 3,000 contractor roles as part of a cost-saving drive. In an email to staff on Thursday that has been seen by The ...

BP has underperformed its European rivals of late as energy market participants continue to question the firm's investment case. British oil major BP on Thursday said it is planning to cut ...

BP will be axing 7,700 jobs from its workforce as part of major cost cutting plans. The oil and gas giant will be cutting 4,700 jobs across its global workforce alongside 3,000 contractor roles.

BP is adapting to high operating expenses, declining oil prices while adapting with the current and new trends in the energy sector as the world is shifting to clean energy from traditional oil ...