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

The energy giant announced earlier this week that weaker oil and gas production would hit its fourth-quarter results for last year. View on euronews ...

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 will slash over 5% of its global workforce as part of CEO Murray Auchincloss’ efforts to reduce costs and rebuild investor confidence after the energy giant was rocked by scandal, the company ...

Sources close to the company say there is growing frustration over the firm's direction, adding that the investor update on February 26 is now a 'huge day for him personally'.

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 ...

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After a difficult fourth quarter in which production and prices fell, oil major BP reportedly is cutting thousands of jobs.

BP also said Chief Executive Officer Murray Auchincloss will be back in the office in February after recently undergoing a "planned medical procedure" and is "recovering well." BP’s U.S.-listed shares ...

UK Economy Grew Less Than Forecast in November ...