BP has been in a state of flux in recent months in the wake of the scandalous exit of former CEO Bernard Looney.

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

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

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.

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

The BP share price has gained 13% over the past few weeks. Christopher Ruane considers why and explains his long-term plan as a shareholder. The post Is the BP share price on the way up again?

BP slashing 7,700 staff and contractor positions worldwide. BP told Business Insider it plans to cut 4,700 staff and 3,000 ...

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

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