The global commercial oil extraction machine market anticipated the valuation of USD 11,800 million by 2023. Looking ahead, ...

Activist hedge fund Elliott Management has built a stake in British oil major BP BP-1.12%decrease; red down pointing triangle and will push for transformational changes to improve the company’s ...

SAN FRANCISCO -- Oil giant Chevron says it is cutting its global workforce by 15% to 20% by next year. Chevron says the layoffs are necessary to reduce costs and raise profits. About 9,000 ...

Chevron will lay off 15% to 20% of its global workforce by the end of 2026, as it seeks to cut costs and simplify its business, the oil company said Wednesday. Chevron is embroiled in a court ...

Up to 9,000 Chevron employees will lose their jobs as the oil giant slashes 15 to 20 percent of its global workforce, the company said Wednesday. The layoffs will begin this year and continue ...

BP shares have surged after it emerged that activist hedge fund Elliott has built a stake in the oil giant. Shares jumped by more than 6pc on Monday morning, following reports over the weekend ...

Energy giant BP's shares have soared after activist ... one analyst suggested it could push to split parts of BP's core oil and gas business and seek a change in management.

A US activist investor has built a stake in BP as the oil giant faces shareholder pressure to refocus on fossil fuels. New York hedge fund Elliott Management could force a shake-up at the FTSE 100 ...