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.

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

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 ...

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

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.

The British oil-and-gas giant said the non-cash, post-tax charges are attributable across its business divisions.

NEW YORK (Reuters) -A judge has dismissed New York City's lawsuit seeking to hold Exxon Mobil, BP and Shell liable for ...

Read here for BPT Trustee's forced termination article, predicting potential equity wipeout and near term price target of ...