BP is not the only oil and gas company to cut its workforce. In September, Shell announced it would cut 20 percent of its ...

BP announces a 5% reduction in its global workforce, including almost 4,700 employees and 3,000 contractor positions.

BP confirmed thousands of job cuts in a statement sent to Rigzone on Friday. “Last year, we began a multi-year program to ...

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

LONDON – BP is eliminating 4,700 positions, about 5 per cent of its workforce, and more than 3,000 contractor jobs, chief ...

The job cuts align with a renewed emphasis on bolstering BP’s oil and gas operations and steering away from renewables.

The recent oil price rally appears to have been halted, at least temporarily, thanks to hopes of a de-escalation in the ...

British energy giant BP says it will axe 4700 staff jobs, about 5% of its workforce, and is cutting thousands of contractor roles to reduce costs. The move is part of a “multi-year programme to ...

Oil futures settled lower on Friday, but scored a fourth straight week of gains after wider sanctions against Russia's energy industry tightened supply. Shares of SLB advanced after the oilfield ...

Crude prices are up, in part, on new U.S. sanctions on Russian oil. But sanctions have proven not be a good reason to invest.

ServiceNow stock is the IBD Stock of the Day ahead of the enterprise software maker's fourth quarter earnings report.