BP to Cut 700 Jobs as It Simplifies Company, Internal Email Shows
The cuts would affect about 8% of 8,500 non-frontline roles as BP seeks to reduce debt and boost returns.
- On Thursday, Upstream Online reported the oil major announced plans to cut about 700 global jobs to bolster profits, according to an internal email seen by Reuters.
- Since CEO Meg Neill took over in April, the company reorganized into two business segments—upstream and downstream—from three, with the new structure taking effect at the start of this month.
- The reductions impact 8% of the 8,500 non-frontline roles, while Frontline roles including operators and technicians face no material changes; the company employed 93,700 workers in 2025.
- A spokesperson told Reuters the changes aim to build a "simpler, stronger, more valuable" organization; affected roles may be eliminated, changed materially, or moved elsewhere.
- The company is scaling back renewable investments and doubling down on oil and gas to reduce debt and boost profit, sharpening its operational focus.
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12 Articles
BP Layoffs: British Petroleum to Slash 700 Non-Frontline Jobs in Major Restructuring
Energy giant BP is planning to cut around 700 non-frontline jobs, impacting eight per cent of office-based roles in its production division. The restructuring forms part of CEO Murray Auchincloss's broader strategy to refocus on core oil and gas operations and improve corporate profitability. BP Layoffs: British Petroleum to Slash 700 Non-Frontline Jobs in Major Restructuring.
BP to cut 700 jobs as it simplifies company, internal email shows
The Economic Times
Times of IndiaOil major BP to cut 700 jobs as it streamlines operations: Report
BP plans to cut approximately 700 non-frontline global workforce roles. These reductions will impact about eight percent of production and operations positions. The company does not expect changes to its frontline operators and maintenance teams. BP is simplifying operations to reduce debt and boost profits. This restructuring follows a reorganization into two business segments.
BP has stepped up its efforts to simplify its operations in order to reduce debt and increase profits
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