BP, the U.K.-based oil company, is implementing a global cost-saving strategy that includes eliminating 4,700 jobs and ...

Murray Auchincloss, chief executive of BP — Eni’s partner in Azule Energy which has a major stake in PEL 85 — was also pretty bullish last year, telling analysts that the prospectivity of ...

With oil majors gearing up to publish their fourth quarter results in the coming weeks, investors will be looking to see if ...

The energy major's 2024 profit came in under forecasts and fell compared with 2023 due to lower oil and gas prices and lower margins in the downstream business. But management has kept to its $3.5bn ...

BP has announced that it will shed about 4,700 staff, or more than 5% of its global workforce, as part of the chief executive Murray Auchincloss’s drive to reduce costs by $2bn. The cuts ...