The energy giant was vague on details, but analysts say the changes is likely to include less spending on renewable sources ...

The move piles pressure on boss Murray Auchincloss to focus on fossil fuels and cut investment in renewables. BP reports fourth quarter results today and is preparing for a highly anticipated ...

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 ...

Oil giant BP (BP) is laying off about 5% of its workforce as it looks to bring down costs, CEO Murray Auchincloss told staff in an internal memo Thursday. The cuts will affect some 4,700 employees ...

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 ...

In an internal letter from CEO Murray Auchincloss to staff on Jan. 16, Auchincloss said that due to transformational programs across the business, BP expects about 4,700 jobs to be impacted by ...

Oil giant BP is to cut about 4,700 staff, more than 5% of its total workforce, as part of its plans to cut costs. The British ...

The company also said 3,000 contractor positions would be cut too. However, in an email to staff, BP CEO Murray Auchincloss said around 2,600 of those contractors "had left the business already." ...

In an email to staff on Thursday that has been seen by The Associated Press, CEO Murray Auchincloss said the job losses “account for much of the anticipated reduction this year." Recommended ...