profit decline

  • BP to Cut 4,000 Jobs in Upstream Operations Globally by 2017

    BP to Cut 4,000 Jobs in Upstream Operations Globally by 2017

    Wednesday, 13th January 2016
    BP, the UK oil company has announced it will cut 4,000 jobs in its upstream exploration and drilling operations globally, out of which 600 will be affected within its hard-hit North Sea business, by end 2017, as a result of firm's decline in profits over the drop in global oil prices.