BP will cut bonuses for its senior leaders to 45% of target after the company missed some key financial goals in 2024, three ...

The size of Elliott’s holding has not been disclosed, but its involvement is already fuelling speculation about potential changes to BP’s strategy and leadership. The stock climbed to 462p from its ...

In the spring of 2009, as the global financial crisis continued to roil markets and businesses, the chief executive of a multinational consulting company called an all-hands teleconference.

BP confirmed thousands of job cuts in a statement ... in the calls and conversations you’ve been having with your leaders. As I’ve said before, we are a brilliant company with great people ...

BP is planning to cut more than 5% of its 90,000-strong workforce as part of a cost-cutting drive. The British oil giant told employees in a memo Thursday that it would slash around 4,700 jobs ...

UK supermajor BP signed a deal with the Iraqi government on Tuesday to evaluate redevelopment of Kirkuk oil and gas fields, the Iraqi Prime Minister’s office said. “The objective is to enhance ...

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 ...

After a difficult fourth quarter in which production and prices fell, oil major BP reportedly is cutting thousands of jobs. According to Bloomberg and Reuters and CNBC, which each cited a memo ...

The oil giant BP is cutting thousands of jobs, the company announced on Thursday. In a statement sent to Business Insider, it said some 4,700 positions would be eliminated, while the number of ...