BP PLC (BP) will not cut jobs in the next three months even as the oil magnate is planning to implement a $2.5 billion cost-reduction plan by 2021 to combat the crude price plunge fueled by the coronavirus pandemic.“This may be the most brutal environment for oil and gas businesses in decades, but I am confident that we will come through it,” BP Chief Executive Officer Bernard Looney, said in a statement. “We also entered this environment in great shape with good operating momentum and financial discipline, strong liquidity and extensive optionality in our portfolio. We remain committed to growing …read more
Source:: Yahoo Finance
