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One of the world's biggest oil companies is cutting thousands of jobs
BP is cutting 4,700 jobs and 3,000 contractor roles as part of a drive to "simplify and focus" the oil giant, it said on Thursday.
Oil giant BP axing thousands of jobs
The British oil giant told employees in a memo Thursday that it would slash around 4,700 jobs this year. The company also said it was cutting 3,000 contractor roles and that 2,600 of those contractors had already departed.
Oil major BP to cut thousands of jobs in cost-saving drive
British oil major BP on Thursday said it is planning to cut thousands of jobs as part of a major cost-cutting drive.
Even a major oil company is laying off thousands of workers to cut costs
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.
1d
on MSN
Is SLB an AI play? Oil company’s CEO makes the case as power demand swells.
The stock of SLB, the oil-services company formerly known as Schlumberger Ltd., rose 3% early Friday after the company posted ...
Crude Oil Prices
23h
Big Oil Faces Wave of Climate Lawsuits from U.S. States and Territories
U.S. states and territories are taking legal action against the government and oil companies over climate change impacts, ...
4d
Why Oil Industry Jobs Are Down, Even With Production Up
The industry is pumping ever more oil and natural gas, but it is doing so with only about three-quarters as many workers as ...
Inside Climate News
1d
The Supreme Court Let Lawsuits Against Oil Companies Proceed. This Is What It Means
Dozens of similar cases are cropping up around the country, with states and cities trying to hold the fossil fuel industry ...
11d
Oil companies pay record $5.6M settlement after FTC alleges illegal coordination
Three oil companies will pay a record penalty to settle allegations that they illegally coordinated before a merger between ...
2d
on MSN
Big Oil celebrates the return of Trump. Clean energy braces for trouble
Donald Trump is heading back to the White House, promising to turbocharge American fossil fuels by slashing red tape.
3d
Oil companies' dollar bids push rupee lower even as US yields retreat
The Indian rupee weakened on Thursday as dollar demand from importers, including oil companies, outweighed the impact of a ...
5d
on MSN
Supreme Court declines to hear from oil and gas companies trying to block climate change lawsuits
The Supreme Court is declining to hear an appeal from oil and gas companies trying to block lawsuits seeking to hold the ...
4d
How Shifting Presidential Policies Affect the Oil And Gas Industry
In the U.S., energy policies can change dramatically with each new president, creating a lot of uncertainty for industries ...
5d
on MSN
Supreme Court allows state and local climate suits against oil companies to proceed
Numerous state and local governments argue oil and gas companies deliberately hid the environmental impacts of fossil fuels.
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