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.

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

BP will review its portfolio of assets and consider more cost cuts as part of a drive to do better for shareholders, the oil major said on Tuesday, as it reported a second-quarter profit that easily ...

BP chief executive Murray Auchincloss has hailed this year as the “best in a decade” for the UK supermajor's exploration business, following this week’s announcement of its largest discovery in 25 ...

In a second-quarter earnings call, BP CEO Murray Auchincloss said the company has already cut costs and hopes to grow its oil and gas production business segment. But he said there’s more to do — ...

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 ...

A potential partnership with Petrobras in developing BP's major oil find in Brazil’s Bumerangue block may hinge on carbon ...

BP p.l.c. (NYSE:BP) is among the 11 Best Hydrogen Stocks to Invest in Now. According to three Petrobras insiders who spoke 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 a long way to go, but its quarterly profits show the British oil giant is heading in the right direction.

BP gained after topping expectations for Q2 adjusted earnings and revenues, while continuing to cut costs and launching a fresh review of its business, saying it "can and will do better." ...