BP will conduct 'a thorough review of our portfolio of businesses to ensure we are maximizing shareholder value'.

BP said its new chairman, Dubliner Albert Manifold, will conduct a review of the entire portfolio and the company will seek to cut costs beyond its current targets, as the oil and gas major works to ...

BP announces further staff cuts amid new AI policy - Chief executive Murray Auchincloss said AI was playing a key part in its overhaul ...

BP will launch a review of how best to develop and monetise its oil and gas production assets and consider more cost cuts to ...

Amid a pivot back to its fossil fuel roots and away from renewable energy, Britain's BP said it had made its largest oil and ...

BP has revealed it will be cutting 1,500 more jobs and 1,200 contractor roles across its global workforce by the end of the ...

The business review comes just a few months after BP said it would save $4bn to $5bn by the end of 2027, relative to 2023 costs. View on euronews ...

Oil giant BP, which recently pivoted away from green energy, posted Tuesday better-than-expected quarterly earnings and ...

The British energy group made its biggest oil and gas discovery in 25 years off the coast of Brazil yesterday.

The group said it was now axing more than the 4,700 roles and 3,000 contactor cuts announced at the start of the year.

BP reported pretax profit of USD2.88 billion for the second quarter that ended June 30, falling 8.0% from USD3.13 billion in the first quarter, but up 19% from USD2.43 billion the year before. For the ...