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 ...

The energy giant was vague on details, but analysts say the changes is likely to include less spending on renewable sources and a bigger investment in oil and natural gas production. By Stanley Reed ...

BP boss Murray Auchincloss is facing a rebellion at the company's annual meeting this week. The threatened revolt comes after chairman Helge Lund bowed to investor pressure earlier this month and ...

CEO Murray Auchincloss highlighted significant strategic progress in 2024, including 10 new final investment decisions (FIDs), such as Kaskida and Tangguh, new access in Iraq and India, and ...

LONDON (Reuters) - BP's CEO Murray Auchincloss earned 5.4 million pounds ($6.95 million) last year, the group said in its annual report on Thursday, down from 8 million pounds in 2023. The group said ...

British major integrated company BP announced plans on Monday for what it calls a “new beginning” in its continuing efforts to regain its footing and become more competitive with peer companies like ...

BP said it would increase annual oil and gas spending to $10 billion and cut planned annual investment in energy transition businesses by more than $5 billion. The energy company is seeking to boost ...

Dec 18 (Reuters) - BP has named Meg O'Neill, chief executive of Australia's Woodside Energy, as its next CEO, signalling ‌a renewed push to boost returns and double down on oil ‌and gas after ...