BP made a big deal of repositioning itself as “Beyond Petroleum”. Then-CEO John Browne’s attempt to embrace lower-carbon ...

BP has been falling behind its peers for years. If it doesn’t narrow the gap, its days as an independent company could be ...

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BP announced on Thursday that it will cut around 4,700 staff, or over 5 per cent of its total workforce, as part of CEO Murray Auchincloss' efforts to reduce costs. BP told staff that 3,000 contractor ...

BP, whose market capitalization was at $84.58 billion as of Thursday, is now valued at less than half of Shell. It also faces increasing competition from rivals that were once significantly ...

A judge has dismissed New York City's lawsuit seeking to hold Exxon Mobil, BP and Shell liable for misleading the public about their products, and their commitment to renewable energy and fighting ...

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 ...

Energy giant BP (LON: BP) unveiled nearly 8,000 job cuts on Thursday, as part of corporate cost cutting measures across its global operations. Confirming the job losses, the FTSE 100 company said ...

State Supreme Court Justice Anar Patel said the city failed to prove that Exxon Mobil, Shell and BP misled New Yorkers about the climate impacts of fossil fuels. In a win for the fossil fuel ...

BP will be axing 7,700 jobs from its workforce as part of major cost cutting plans. The oil and gas giant will be cutting 4,700 jobs across its global workforce alongside 3,000 contractor roles.

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 ...

Thursday's announcement comes during a testing time for BP. Its stock price has fallen by 5% over the past year while those of its competitors Shell and ExxonMobil have risen by more than a tenth.