BP has announced it is cutting 4,700 jobs from its global workforce.
The energy giant also said it will cut 3,000 contractor roles as part of a cost-saving drive across the company.
It comes just two days after BP warned its fourth-quarter results for 2024 would be hit by weaker oil and gas production.
BP launched a plan last year to reduce its costs by at least $2bn (£1.6bn) by the end of 2026.
Chief executive Murray Auchincloss said: “We began a multi-year programme to simplify and focus BP last year – strengthening our competitiveness and building in resilience as we lower our costs, drive performance improvement and play to our distinctive capabilities.
“We have got more we need to do through this year, next year and beyond, but we are making strong progress as we position BP to grow as a simpler, more focused, higher-value company.
“I understand and recognise the uncertainty this brings for everyone whose job may be at risk, and also the effect it can have on colleagues and teams.”
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