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Energy Giant BP To Cut Nearly 8,000 Jobs
Energy Giant BP To Cut Nearly 8,000 Jobs Worldwide
Confirming the job losses, the FTSE 100 company said the reduction in its workforce was down to cost cutting measures.
BP cuts nearly 5,000 jobs in wake of ex-CEO Bernard Looney scandal
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 Thursday.
BP cuts over 5% of workforce in CEO Murray Auchincloss' cost-cutting plan
BP CEO Auchincloss last year vowed to reduce the British company's costs by at least $2 billion by the end of 2026 as part of his drive to boost returns amid investor concerns
2h
on MSN
D-Day looms for BP boss as oil giant trails its rivals
Sources close to the company say there is growing frustration over the firm's direction, adding that the investor update on ...
4d
on MSN
BP delays investor event as boss Murray Auchincloss recovers after medical procedure
BP has delayed a New York investor event to allow boss Murray Auchincloss to recover after a medical procedure. The oil giant ...
2d
BP set to eliminate thousands of jobs in turnaround plan: CEO Murray Auchincloss
BP shares rose by 1.6% to 429.90p as of 11:05 a.m. in London, outperforming most European energy peers of the Stoxx Europe ...
2d
BP warns of fourth-quarter profit hit, postpones capital markets day
The Supreme Court upheld on Friday a law banning TikTok in the United States on national security grounds if its Chinese ...
1d
on MSN
BP to axe thousands of jobs as it issues warning over oil and gas production
The energy giant announced earlier this week that weaker oil and gas production would hit its fourth-quarter results for last ...
Upstream
4d
BP postpones capital markets event as its chief executive has undergone a 'planned medical procedure'
BP revealed its fourth quarter 2024 upstream production is expected to be lower and said its chief executive is "recovering ...
devdiscourse
4d
BP Anticipates Profit Dip Amid Refining Challenges
BP warns of a potential dip in fourth-quarter profits due to lower production, weak refining margins, and sluggish trading.
4d
on MSN
BP Stock Drops After Company Warns of Impairments of Up to $2 Billion in Q4
KEY TAKEAWAYS BP stock is falling in premarket trading Tuesday after the British oil giant said it expects to book ...
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