refining margins News

BP Announces Major Workforce Reduction: 4,700 Jobs and 3,000 Contractor Positions to Be Cut

BP plc is set to reduce its global workforce by 4,700 employees and cut 3,000 contractor positions as part of its cost-cutting strategy. The company anticipates a drop in fourth-qu...

BP Anticipates Significant Impact on Q4 Earnings Due to Declining Refining Margins

BP predicts a significant impact on its Q4 earnings due to weaker refining margins, with expected profit reductions and production declines across key segments. The company remains...