Shares in BP rose by 7% on Monday, and were on track for the biggest daily gain in two years, as investors anticipated that ...

According to Bloomberg, Elliott Management, a well-known activist hedge fund, has acquired a stake in the struggling UK oil giant BP (BP). This move has stirred up the London market, where ...

Activist hedge fund Elliott Management has built a stake in BP (BP) and plans to push for transformational changes to improve the company’s performance, Jenny Strasburg of The Wall Street ...

BP confirmed thousands of job cuts in a statement sent to Rigzone on Friday. “Last year, we began a multi-year program to simplify and focus BP,” the statement noted. “We are strengthening ...

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 ...

BP has announced it is cutting 4,700 jobs from its global workforce. The energy giant also said it will cut 3,000 contractor roles as part of a cost-saving drive across the company. It comes as ...

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 is to cut 4,700 jobs from its workforce across the globe and 3,000 from its contractor, making a total of 7,700. The company employs some 90,000 employees worldwide. Its chief ...

UK supermajor BP signed a deal with the Iraqi government on Tuesday to evaluate redevelopment of Kirkuk oil and gas fields, the Iraqi Prime Minister’s office said. “The objective is to enhance ...

LONDON, Jan 16 (Reuters) - BP will cut over 5% of its global workforce, it said on Thursday, as part of CEO Murray Auchincloss' efforts to reduce costs and rebuild investor confidence in the ...

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. The sprawling energy producer has ...

(Bloomberg) -- BP Plc is eliminating 4,700 positions internally, about 5% of its workforce, and more than 3,000 contractor jobs, Chief Executive Officer Murray Auchincloss told staff on Thursday ...