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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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26 Articles

Daily RecordDaily Record
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Lean Left

BP to put North Sea business up for sale after 60 years

The energy giant employs around 1,100 in the north.

·Glasgow, United Kingdom
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Evening StandardEvening Standard
+3 Reposted by 3 other sources
Center

BP puts its North Sea business up for sale after 60 years of production

Chief executive Meg O’Neill said she believed the North Sea business would be ‘better positioned as part of another company’.

·London, United Kingdom
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El Economista broke the news in Mexico City, Mexico on Thursday, July 30, 2026.
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