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The Latest Breaking News from British Petroleum

BP shares jump after activist investor reportedly buys stake

The reported stake-buying by Elliott has fuelled speculation over strategy changes at the oil giant and an overhaul of its management.

Evening Standard

An existential risk: can BP avoid becoming a prime takeover target?

CEO has ‘narrow window’ to come up with positive shift in strategy to win back investor confidence, say analysts

The Guardian - UK

Norwegian firm lobbying to open Rosebank oilfield halves green investments

State-owned Equinor becomes latest fossil fuel firm to backtrack on clean energy pledges with move to halve budget to $5bn

The Guardian - UK

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Trump has brought much-needed attention to a site of great tragedy: the Gulf of Mexico

Environmental disasters have plagued the water body for decades. Now the region is thrust in the global spotlight

The Guardian - US

Australian chefs on the after-school meals they cooked as kids: ‘I still eat this dish today’

From chilli-laced Thai salad to instant noodles, Palisa Anderson, Junda Khoo, Jung Eun Chae and Rowena Chansiri reveal the childhood dishes they’d make when they arrived home ravenous

The Guardian - AU

2025 Layoffs: Meta, Microsoft, And BlackRock Join The Trend Amid AI Shift

While workforce cuts raise concerns, the tech sector is poised for significant growth, with jobs in big data, fintech, and AI expected to double by 2030.

International Business Times

Miliband only met with fossil fuel giants ahead of controversial emissions plan

Some scientists say carbon capture and storage can be used to decarbonise industries that would take years to clean up – but campaigners say it just prolongs the oil and gas industry

The Independent UK

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What the papers say – January 17

Here are the stories leading Friday’s newspapers.

Evening Standard

BP To Cut 5% Of Workforce In Cost-Cutting Drive

BP to reduce workforce by 5%, cutting 4,700 jobs and 3,000 contractor roles to enhance competitiveness and reduce costs.

Top News

BP cutting 4,700 jobs worldwide as part of cost-saving drive

U.K.-based oil company is cutting 4,700 jobs worldwide and a further 3,000 contractor roles as part of a cost-saving drive

The Independent UK

Oil Giant BP Cuts Thousands Of Jobs To Slash Costs

British energy giant BP on Thursday said it would axe 4,700 staff jobs, or about five percent of its workforce, and is cutting thousands of contractor roles to reduce costs.

International Business Times

Fears for Scottish jobs as BP to slash global workforce numbers

BP HAS said it will cut 4700 jobs across its global workforce and 3000 contractor roles as part of a cost-saving drive, prompting concerns for…

The National (Scotland)

BP to cut 4,700 jobs and 3,000 contractor roles to help save £1.6bn

Oil company to lose 5% of its staff in effort to cut costs amid shareholder worries over green energy strategy

The Guardian - UK

BP to axe 4,700 jobs globally amid cost-cutting drive

The oil giant, which announced the cuts in a staff memo, has about 90,000 workers globally and 14,000 in the UK.

Evening Standard

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The Independent UK

BP announce plans to cut 4,700 jobs in £1.6bn cost-cutting drive

The energy firm is aiming to save two billion US dollars across two years

The Conversation

A national, nonpartisan study of the Los Angeles fires could improve planning for future disasters

The Los Angeles fires are a national disaster of epic proportions. City officials, California Gov. Gavin Newsom and President-elect Donald Trump have traded accusations about what caused this crisis. But as an engineering professor who lives in Los Angeles and has studied extreme events and natural and human-caused disasters for…

International Business Times

BP Nears Deals For Oil Fields, Curbs On Gas Flaring In Iraq

Iraq and British oil giant BP are set to finalise a deal by early February to develop four oil fields in Kirkuk and curb gas flaring, Iraqi authorities announced Wednesday.

The Independent UK

BP delays investor event as boss Murray Auchincloss recovers after medical procedure

BP boss Murray Auchincloss is ‘recovering well’ and will be back in the office by February

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Evening Standard

BP reveals boss recovering after medical procedure as it signals weaker trading

Chief executive Murray Auchincloss is ‘recovering well’ and will be back in the office by February, the group said.

The Independent UK

Dozens of cars taken off road after ‘filling up with contaminated fuel’ at BP garage

Local fuel draining service called by over 40 affected drivers

The Guardian - UK

It’s tough at the top – but which business leader has the most at stake in 2025?

From post and planes to TV, phones and retail chains – and even a central bank – here are the chiefs facing the most testing of times

Evening Standard

US investor to snap up maritime AI specialist Windward for £216m

The company, which is chaired by former BP boss Lord John Browne, is to be bought by a fund linked to FTV Capital.

The National (Scotland)

BP faces legal action for supplying oil to Israel amid genocide allegations

PALESTINIAN victims have issued a claim against the energy giant BP, alleging its complicity in supplying oil to Israel amid ongoing claims of the…

The Guardian - UK

Gaza war victims take legal action against BP over oil supply to Israel

Palestinians accuse UK firm of breaching human rights laws by piping oil allegedly used by Israeli army

Barchart

This Energy Dividend Aristocrat Is a Top 2025 Pick: Time to Buy?

Chevron is a dividend aristocrat with a yield of 4.4%. While the stock has underperformed in 2024, Bank of America listed it as a top pick for 2025.

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