Donald Trump’s inaugural address as US president this week included a eulogy to fossil fuels and the “liquid gold under our feet”. Despite BP’s large oil and gas operations and reserves in Texas and ...
Glencore, which previously proposed a merger with Rio in 2014, has been one of the most aggressive dealmakers in the sector. Its former chief executive officer Ivan Glasenberg, who spearheaded the ...
“A merger makes sense,” agreed Ben Cleary, portfolio manager of Tribeca’s Global Natural Resources Fund. “It’s been talked about on and off for a decade, and it solves issues for both ...
Rio Tinto and Glencore have held talks over a potential merger that would be the mining sector’s biggest ever deal. The London-listed mining giants have held early-stage discussions about a ...
BP announced on Thursday that it will cut around 4,700 staff, or over 5 per cent of its total workforce, as part of CEO Murray Auchincloss' efforts to reduce costs. BP told staff that 3,000 contractor ...
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 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 ...
The Glencore-Xstrata tie-up, that eventually resembled a hostile takeover more than a merger of equals, itself came about after Anglo American in June 2009 rejected a proposal to merge with ...
Copyright 2025 The Associated Press. All Rights Reserved. A logo of BP at a gas station in London, on Nov. 1, 2022. (AP Photo/Kin Cheung, File) Updated [hour]:[minute ...
BP has announced it is cutting 4,700 jobs from its global workforce. The energy giant also said it will cut 3,000 contractor roles as part of a cost-saving drive across the company. It comes as ...
Oil giant’s boss introduces cost-cutting measures as Britain moves away from fossil fuels BP is to cut nearly 8,000 jobs in the face of falling profits and rising shareholder concern over its ...
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