Over the last few years, this under-the-radar technology business has quietly become one of the largest companies in the FTSE ...

BP has not confirmed how many UK jobs will be affected by the move, although the number is currently around 5% of its 90,000-strong global workforce. BP has about 14,000 UK workers, with around ...

Oil giant’s change in strategy comes after it was targeted by US activist investor BP has halted all investment ... As part of a bid to refocus on fossil fuels, the UK oil giant has said it ...

BP is based in the UK but makes almost all its profits overseas ... that it has taken nearly two decades to develop the technology to exploit it. The same rig, Deepwater Horizon, was at the ...

BP employs about 16,000 people in the UK, of which about 6,000 are based in petrol and service stations, and will not be affected by the cuts. BP scales back climate targets as profits hit record ...

Just over 5% of its 90,000 worldwide employees will have their jobs axed, including an undisclosed amount of BP's 14,000 UK workers. Chief executive Murray Auchincloss announced the redundancies ...

Oil giant BP has said it will "fundamentally reset" its strategy as profits dropped sharply last year. It is widely expected to say later this month that it will scale back renewable projects and ...

But in a separate memo sent by the head of BP's technology division ... be cut through redundancies or by shifting work from the UK and the U.S. to Hungary, India and Malaysia.

BP employs around 14,000 people in the UK. Those working at petrol and service stations - approximately 6,000 of them - will not be affected by the job reductions. Chief executive Murray ...