Scotiabank analyst Paul Cheng maintained a Hold rating on BP (BP – Research Report) today and set a price target of $34.00. The company’s shares closed yesterday at $34.55. Leverage the power ...

Energy giant BP's shares have soared after activist hedge fund Elliott Investment Management revealed it has taken a stake in the British company. Shares in BP rose by as much as 8.2% in early ...

LONDON, Feb 10 (Reuters) - Shares in BP (BP.L), opens new tab rose by 7% on Monday, and were on track for the biggest daily gain in two years, as investors anticipated that activist shareholder ...

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 ...

BP confirmed thousands of job cuts in a statement sent to Rigzone on Friday. “Last year, we began a multi-year program to simplify and focus BP,” the statement noted. “We are strengthening ...

LONDON (Reuters) - Shares in BP rose by 7% on Monday, and were on track for the biggest daily gain in two years, as investors anticipated that activist shareholder Elliott Management will press ...

Energy giant BP is to cut 4,700 jobs from its workforce across the globe and 3,000 from its contractor, making a total of 7,700. The company employs some 90,000 employees worldwide. Its chief ...

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 4,700 jobs ...

Energy giant BP (LON: BP) unveiled nearly 8,000 job cuts on Thursday, as part of corporate cost cutting measures across its global operations. Confirming the job losses, the FTSE 100 company said ...