BP is tearing up its own “fundamental reset” plan after just six months as the struggling oil giant faces intense pressure to ...

The announcement was made alongside second-quarter results. BP reported adjusted profits of $2.4bn for the period, a third ...

BP CEO Murray Auchincloss said the company was open to selling a portion of its Kaskida project in the U.S. Gulf of ...

BP is set to eliminate an additional 1,500 jobs and 1,200 contractor roles across its global workforce by the end of the year ...

BP will cut over 6000 jobs this year as part of a new review of its business and cost base, as the UK supermajor remains ...

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

Divestments are viewed as a key element of the overhaul. BP has made progress on a series of small disposals, and said it ...

BP could sell off more assets in a fresh costs review, as the energy giant continues its push to improve profitability.

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

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BP's renewed focus on oil growth, upstream project execution, and cost discipline is winning back investor confidence. See ...

Tightness in the market for refined fuels has been evident this summer in the Atlantic Basin, particularly in diesel.