BP will slash over 5% of its global workforce as part of CEO Murray Auchincloss’ efforts to reduce costs and rebuild investor confidence after the energy giant was rocked by scandal, the company said ...

This article first appeared on GuruFocus. BP Plc (NYSE:BP) has signed off on a $5 billion bet in the US Gulf of Mexico, pressing ahead with the Tiber-Guadalupe offshore project that could reshape its ...

BP has made its largest oil and natural gas discovery in 25 years off the coast of Brazil, it said Monday, in a potential big boost for the British company following its strategic shift away from ...

BP slashed planned investment in renewable energy and said Wednesday that it would increase annual oil and gas spending to $10 billion, in a major strategy shift aimed at boosting earnings and ...

BP joins majors betting on Brazil for major future output Santos basin find may be BP's biggest since 1999 Azeri discovery CO2 level could threaten viability, says Petrobras ex-CEO BP is seeking to ...

BP Plc reached a final investment decision on the $5 billion Tiber-Guadalupe project off the US Gulf coast, a major step in the energy giant’s drive to refocus its business on oil and gas. The ...