BP is tearing up its own “fundamental reset” plan after just six months and cutting 1,500 more jobs as the struggling oil giant faces intense pressure to improve financial performance.

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

The announcement was made alongside second-quarter results. BP reported adjusted profits of $2.4bn for the period, a third higher than analysts expected, and raised its quarterly dividend by 4 per ...

BP has a long way to go, but its quarterly profits show the British oil giant is heading in the right direction.

BP could sell off more assets in a fresh costs review, as the energy giant continues its push to improve profitability.

JERA form JERA Nex bp, a UK-based offshore wind venture with 13 GW in capacity, deepening UK-Japan ties and expanding clean ...

For too long, British oil company BP Plc denied, obfuscated and played down its troubles. The market and the media, rather than the company, was the issue. On Tuesday, the oil major took the first ...

BP Plc (BP) stock was in the spotlight on Tuesday after CEO Murray Auchincloss highlighted the company’s strong performance in recent projects and announced a major discovery in Brazil. The renewed ...

BP has unveiled plans to look for further cost cuts and conduct a “thorough” review of its portfolio, as pressure from shareholders intensifies. Chief executive Murray Auchincloss pledged that the oil ...

Divestments are viewed as a key element of the overhaul. BP has made progress on a series of small disposals, and said it still expects to raise as much as $4 billion this year. However, it’s yet 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 under pressure from investors to turn around profitability and reinvigorate the ...

BP has been under ongoing pressure from investors for underperforming compared to its rivals in recent years. In February, BP ...