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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
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 ...
4d
BP CEO Auchincloss Faces a Crucial Test in Delayed Strategy Update
BP Plc’s Chief Executive Officer Murray Auchincloss faces a critical moment next month when he makes the delayed presentation ...
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
on MSN
Oil giant BP axing thousands of jobs
The British oil giant told employees in a memo Thursday that it would slash around 4,700 jobs this year. The company also ...
2d
BP, which employs around 4,000 in Houston, to cut thousands of roles globally, according to reports
BP, which employs around 4,000 in Houston, will eliminate thousands of roles to cut costs, according to reports from ...
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3d
Delay to BP strategy announcement amps up investor pressure
Murray Auchincloss took the helm at the supermajor in September 2023, promising to turn around the company’s fortunes ...
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 ...
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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