After a difficult fourth quarter in which production and prices fell, oil major BP reportedly is cutting thousands of jobs.

BP (NYSE:BP) -1.3% pre-market Tuesday after saying Q4 results will be hurt by lower oil and gas production, refining margins ...

Confirming the job losses, the FTSE 100 company said the reduction in its workforce was down to cost cutting measures.

U.K.-based oil company is cutting 4,700 jobs worldwide and a further 3,000 contractor roles as part of a cost-saving drive.

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BP ( BP) will eliminate 4,700 positions internally, ~5% of its workforce, and more than 3,000 contractor jobs, with more cost ...

BP is cutting around 7,700 jobs (5% of its workforce) to reduce costs and improve its financial performance for investors.

BP warned that its fourth-quarter results will be hit by weaker oil and gas production, refining margins and trading, while ...

British energy giant BP on Thursday said it would axe 4,700 staff jobs -- about five percent of its workforce -- and was ...

London-based energy firm BP plan to cut its global workforce by just over five per cent, resulting in 4,700 job losses. The ...

Oil giant BP has announced it will cut 4,700 jobs across its global workforce and 3,000 contractor roles as part of a ...

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 ...