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BP JOB CUTS
Oil major BP to cut 700 jobs as it streamlines operations: ReportBP plans to cut approximately 700 non-frontline global workforce roles. These reductions will impact about eight percent of production and ...- Dollar rides high on Fed rate-hike betsThe US dollar is experiencing a significant surge, reaching multi-month highs against major currencies like the euro and yen. This strength...
- Former BP chair Albert Manifold denies wrongdoing after ousterAlbert Manifold, the former BP Chair, has denied misconduct following his dismissal. He acknowledged pushing for changes in costs and effic...
- Nomura expects no more Fed rate cuts in 2025 after October easingNomura now anticipates the Federal Reserve will hold interest rates steady in December, reversing its prior expectation of a cut. This shif...
- Dollar treads water ahead of inflation reports; US rate cut bets intactThe US dollar remained stable as investors awaited key inflation data. These reports will influence the Federal Reserve's interest rate dec...
- StanChart revises Fed cut expectations to 50 bps in September after weak US jobs dataStandard Chartered anticipates a significant 50 basis point interest rate cut by the U.S. Federal Reserve at its September 17 meeting. This...
- Oil & Gas Industry Layoffs 2025: ConocoPhillips, Chevron, BP, Petronas, OMV, among companies cutting jobsOil and gas company layoffs 2025: Global oil and gas firms plan more job cuts in 2025. This follows reductions last year due to falling oil...
- US Fed interest rate cut is now 100% possible, says report. When is Federal Reserve meeting date?Donald Trump has slammed that cut as politically motivated given the proximity to the November presidential election.
- BP cuts over 5% of workforce in CEO cost cut driveBP will reduce its workforce by around 4,700 staff and cut 3,000 contractor positions as part of CEO Murray Auchincloss' cost-cutting plan....
- Dollar edges to two-week high vs euro as US payroll data loomsThe dollar reached a two-week high against the euro on Monday as traders adjusted expectations for Federal Reserve policy. With inflation s...
- Job Market Turmoil: European companies cut to the chase with layoffsRising inflation and the war in Ukraine have led European companies to freeze hiring or cut jobs. Key organizations such as TSB, PKP Cargo,...
- Dollar doldrums deepen on dovish Fed tone before Jackson HoleThe dollar hit its lowest levels against the euro and sterling in over a year due to a dovish Federal Reserve and weak U.S. job market data...
- Oil giant BP unveils employee share award planChief Executive Bernard Looney, who is overseeing a transition away from crude oil and toward greener energy, revealed the share award sche...
- Only one fourth of oil major BP's 10,000 job cuts to be voluntary as company reinvents itselfThe oil major announced plans in June to lay off almost 15% its 70,000-strong workforce as part of Chief Executive Bernard Looney's plan to...
- BP to cut 10,000 jobs worldwide amid coronavirus pandemicBernard Looney told employees in a global online town hall call that the London-based company will cut 10,000 jobs from the current 70,100,...
- BP may sell 8.5% in Castrol India via block deal, net over Rs 1,750 croreIn May , UK's BP sold 11.5% stake in the lubricant maker to reduce its holding in the company from 70.9% to 59.4% for about Rs 2,072 crore.
- BP looking to sell 8.5% stake in Castrol IndiaIn May UK's BP sold 11.5% stake in the lubricant maker to reduce its holding in the company from 70.92% to 59.42% for about Rs 2072 crore.
- BP cuts pipe, plans to lower cap over Gulf spill"We will be here for a very long time. We realize this is just the beginning", says BP CEO Tony Hayward. Operation oil spill | oil spill | ...
- BP plans to cut 600 jobs in Germany: ReportBP is planning cut 600 jobs in Germany, the local head of BP told the WAZ daily in an interview published on Wednesday, as the British oil ...
- BP says will cut more jobs despite soaring profits: reportBritish energy giant BP, fresh from unveiling an 83-per cent jump in third-quarter net profits, is planning to cut more jobs than previousl...
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