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

Houston-headquartered BP plans to cut 5 percent of its workforce—about 4,700 jobs—as part of a larger cost-cutting program.

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The British oil giant told employees in a memo Thursday that it would slash around 4,700 jobs this year. The company also ...

Petroleum giant British Petroleum will cut 4,700 jobs this year in a cost cutting measure, the company announced Thursday.

Shares of BP PLC BP rallied 1.37% to £4.29 Thursday, on what proved to be an all-around favorable trading session for the ...

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

The company employs 90,000 people worldwide and the internal job cuts represent around 5% of its workforce.

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

The British oil-and-gas giant said the non-cash, post-tax charges are attributable across its business divisions.

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