Oil giant BP has delayed an investor event due to be held in New York to allow boss Murray Auchincloss to recover after a medical procedure as it signalled weaker end-of-year trading. Its ...

BP, the U.K.-based oil company, is implementing a global cost-saving strategy that includes eliminating 4,700 jobs and cutting an additional 3,000 co ...

Donald Trump’s inaugural address as US president this week included a eulogy to fossil fuels and the “liquid gold under our feet”. Despite BP’s large oil and gas operations and reserves in Texas and ...

Its 15,000-strong UK workforce will be among those hit hard by the cuts. Murray Auchincloss, BP’s chief executive, has vowed to cut costs by the end of 2026 as part of his drive to boost returns ...

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

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 ...

Murray Auchincloss, chief executive of BP — Eni’s partner in Azule Energy which has a major stake in PEL 85 — was also pretty bullish last year, telling analysts that the prospectivity of ...

The oil giant said: “Mr Auchincloss has recently undergone a planned medical procedure from which he is recovering well. “He will be back in the office by February.” Its capital markets ...