[Stay on top of transportation news: Get TTNews in your inbox.] LONDON — U.K.-based oil company BP is cutting 4,700 jobs worldwide and a further 3,000 contractor roles as part of a cost-saving drive.

London (CNN) — BP is planning to cut more than 5% of its 90,000-strong workforce as part of a cost-cutting drive. The British oil giant told employees in a memo Thursday that it would slash around ...

About 300 BP union workers at Prudhoe Bay will remain in their jobs, at least through the end of their current contract. That’s according to Hilcorp, the oil company set to take over BP's entire ...

BP slumped to its biggest annual loss last year and announced thousands more job cuts on Tuesday, showing that even one of the nimblest oil producers is struggling in the worst market downturn in over ...

Economists say the loss of hundreds of oil jobs tied to the sale of BP’s Alaska business will be significant, but not devastating, for the state’s fragile economy. “There is enough happening from a ...

FILE - A logo of BP at a gas station in London, on Nov. 1, 2022. (AP Photo/Kin Cheung, File) LONDON (AP) — U.K.-based oil company BP is cutting 4,700 jobs worldwide and a further 3,000 contractor ...