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Why is BP, the British oil giant, cutting thousands of jobs?
- Currently, BP employs around 87,800 people worldwide.
- The cost-cutting measures will impact around 4,700 BP job roles.
- The company aims to achieve at least $2 billion in cash savings by the end of 2026.
British multinational oil and gas company BP announced on Thursday that it would reduce its workforce by thousands as part of a significant cost-cutting initiative. The company aims to streamline its operations and reduce expenses in response to challenging market conditions and the ongoing transition towards cleaner energy sources. BP’s said: Today, we have told […]
January 16, 2025
What are Trump’s initial moves on America’s energy policy?
January 13, 2025
Game-changer? Indian Gas Exchange proposes new 3-6 month contracts
January 10, 2025
