BP is tearing up its own “fundamental reset” plan after just six months and cutting 1,500 more jobs as the struggling oil ...

In a second-quarter earnings call, BP CEO Murray Auchincloss said the company has already cut costs and hopes to grow its oil ...

The announcement was made alongside second-quarter results. BP reported adjusted profits of $2.4bn for the period, a third ...

Divestments are viewed as a key element of the overhaul. BP has made progress on a series of small disposals, and said it ...

BP CEO Murray Auchincloss said the company was open to selling a portion of its Kaskida project in the U.S. Gulf of ...

BP's renewed focus on oil growth, upstream project execution, and cost discipline is winning back investor confidence. See ...

BP will launch a review of how best to develop and monetise its oil and gas production assets and consider more cost cuts to ...

BP will cut over 6000 jobs this year as part of a new review of its business and cost base, as the UK supermajor remains ...

BP gained after topping expectations for Q2 adjusted earnings and revenues, while continuing to cut costs and launching a ...

For too long, British oil company BP Plc denied, obfuscated and played down its troubles. The market and the media, rather ...

BP has been under pressure from shareholders to boost profits and cut costs, with activist investor Elliott Management ...

Amid a pivot back to its fossil fuel roots and away from renewable energy, Britain's BP said it had made its largest oil and ...