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

Michael Erik Kurilla ... reset' after profits fell in 2024 Feb. 11 (UPI) -- BP Chief Executive Murray Auchincloss promised a "reset" for the company, including dialing back climate commitments ...

In early UK corporate news, BP reported a profit decline ahead of a key strategy update later this month. Gambling firm Entain said its chief executive has stepped down after less than six months in ...

The oil and gas major now has an influential activist investor. That puts even more pressure on CEO Murray Auchincloss.

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 ...

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." ...

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 ...