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.

BP PLC (NYSE: BP) plans to cut about 4,700 jobs, roughly 5% of its global workforce, as part of companywide simplification ...

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 said ...

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

Sources close to the company say there is growing frustration over the firm's direction, adding that the investor update on ...

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

BP will cut over 5% of its global workforce as part of a strategy to reduce costs and rebuild investor confidence. CEO Murray Auchincloss aims to simplify operations and boost returns following the ...

Results from Rhino Resources’ well could be unveiled soon as state oil company updates all Orange basin activities ...

Petroleum giant British Petroleum will cut 4,700 jobs this year in a cost cutting measure, the company announced Thursday.

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