BP is cutting 4,700 jobs, or just over 5 per cent of its workforce, as chief executive Murray Auchincloss tries to save costs and revive a share price that has lagged behind rivals over the past year.

BP Slashes Workforce By 5% To Reach $2 Billion In Savings Goal BP is cutting 4,700 jobs, or 5% of its workforce, as part of ongoing cost-reduction efforts. IEA revises 2025 global oil demand ...