Fuel giant BP to cut 700 jobs across global workforce

The company has also scaled back on its investment in renewable energy 05:50, Fri, Jul 31, 2026 Updated: 05:50, Fri, Jul 31, 2026 A person refuels a car at a petrol station (file image) (Image: Getty)A major energy and fuel producer is set to cut 700 jobs to simplify its structure amid concerns of oil oversupply.BP has said it plans to cut up to 8% of its 8,500 "non front-line" global workforce, according to an internal email seen by Reuters. Get the latest news from around the world and more Invalid emailWe use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. Read our Privacy PolicyThe roles were part of the company's production and operations business.The email said it does not expect any material changes to its frontline teams, whose roles include operators, technicians and maintenance."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 read.BP said it will continue to prioritise communication with...