BP to reduce workforce by 700 in company streamlining effort | News. az
BP plans to cut around 700 non-frontline global positions, according to an internal email seen by Reuters, as the oil major refocuses operations to improve profits and returns. The reductions would impact. . .
BP plans to cut around 700 non-frontline global positions, according to an internal email seen by Reuters, as the oil major refocuses operations to improve profits and returns. The reductions would impact around 8% of the 8,500 non-frontline roles that historically were part of the company's production and operations business, the email showed,Reutersreported. RECOMMENDED STORIESBMW plans major job cuts as German auto sector strugglesVisa to cut 2,600 jobs as AI and efficiency drive reshape workforceAzerbaijan natural gas output rose to 25. 4 Bcm in H1 2026; Exports increased to 12. 7 BcmBP quits Bay du Nord oil project, Equinor remainsFrontline roles include operators, technicians and maintenance roles, and BP said in the email it did not expect any material change to those teams. "If your role is affected, that could mean that it does not exist in the new organization, changes materially, or moves into a different part of the organization," the email said. BP has been intensifying efforts to simplify its operations in a bid to reduce debt, boost profit and refocus on its oil and gas businesses, after scaling back its investment inrenewable energy. Since CEO Meg O'Neill took over in April, BP reorganised into two business segments — upstream and downstream — from three and the new structure went into effect at the start of this month. As of 2025, BP had 93,700 employees and operated across 61 countries, according to its annual report. “We are building a simpler, stronger, more valuable BP. As part of this process, we are proposing changes that would result in a reduction in roles," a BP spokesperson told Reuters without confirming the number of jobs that will be cut. Upstream Online reported the news earlier on Thursday. News. AzBy Ulviyya Salmanli