Petroleum giant British Petroleum will cut 4,700 jobs this year in a cost cutting measure, the company announced Thursday.

Confirming the job losses, the FTSE 100 company said the reduction in its workforce was down to cost cutting measures.

The U.S. Securities and Exchange Commission on Thursday settled charges against hedge fund Two Sigma over failure to address ...

U.K.-based oil company is cutting 4,700 jobs worldwide and a further 3,000 contractor roles as part of a cost-saving drive.

Shares of BP PLC BP rallied 1.37% to £4.29 Thursday, on what proved to be an all-around favorable trading session for the ...

BP warned that its fourth-quarter results will be hit by weaker oil and gas production, refining margins and trading, while ...

After a difficult fourth quarter in which production and prices fell, oil major BP reportedly is cutting thousands of jobs.

Geopolitical shifts in the troubled Middle East, highlighted by the overthrow of Syrian President Bashar Assad and Iran's ...

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 at the oil-and-gas giant were told of the job cuts Thursday via an email from Chief Executive Murray Auchincloss.

BP has announced it is cutting 4,700 jobs from its global workforce. The energy giant also said it will cut 3,000 contractor ...

London-based energy firm BP plan to cut its global workforce by just over five per cent, resulting in 4,700 job losses. The ...