BP, the global energy giant with its U.S. headquarters in Houston, is now planning to cut 6,200 office jobs—up from the 4,700 layoffs it announced just seven months ago. That’s a 32 percent jump, and with Houston home to the company’s largest employee base, the ripple effects could be significant. BP employs about 4,000 people in the Houston area, more than any other location in its global footprint. While the company hasn’t said exactly how many local jobs will be impacted, concerns are growing that the Bayou City could take a hit as the oil giant continues its company-wide restructuring.
Beyond full-time employees, BP also is trimming its contractor workforce. Since January, it has let go of 3,200 contractors, with another 1,200 exits planned by the end of the year.
The expanded layoffs are part of BP’s broader “reset” strategy, first announced in January, aimed at slashing costs by $2 billion by 2026. That shift includes stepping back from renewables and doubling down on traditional oil and gas production—a notable pivot from BP’s earlier green energy ambitions.
CFO Kate Thomson confirmed during the company’s second-quarter earnings call that about 6,200 jobs are now expected to be impacted by the end of the year. She noted that the affected jobs are part of BP’s 40,000-person office-based workforce, and most of the cuts will take place in the fourth quarter.
BP says it’s already seeing results from the reset.
So far in 2025, the company has achieved $1.7 billion in cost reductions, including $400 million from corporate overhead. Thomson credited “performance culture” changes across the organization for helping push through the savings.
BP’s long-term goal is to reduce structural costs by up to $5 billion by the end of 2027.
The restructuring also is impacting BP’s convenience store segment, which includes more than 1,500 U.S. stores under the TravelCenters of America, ampm and Thorntons brands. While the company confirmed the division has been affected by the reset, the extent of those impacts has not been disclosed.