BP is cutting 4,700 jobs, or just over 5 per cent of its workforce, as part of an effort to save $2bn of costs and revive its share price.

After a difficult fourth quarter in which production and prices fell, oil major BP reportedly 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 ...

British oil major BP on Thursday said it is planning to cut thousands of jobs as part of a major cost-cutting drive.

British oil major BP on Thursday said it is planning to cut 4,700 jobs, around 5% of its total workforce, Reuters reported, ...