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VBWTTGW has a life path of 9. VBWTTGW means:
The persistent plunge in oil prices has translated into a new round of industry job cuts.The British oil giant BP is cutting some 4,000 of the approximately 24,000 jobs in exploration and production over the next two years amid sharp drops in the price of crude. That would be in addition to about 4,000 jobs that the company cut last year, when it trimmed its work force to about 80,000.The cuts in BP's upstream business globally will include the loss of some 600 jobs in the North Sea. “We have to make sure we have a competitive and sustainable business,” David Nicholas, a company spokesman, said by telephone. “External market conditions are getting tougher.”After oil prices began dropping in 2014, BP was among the companies warning that the price plunge could be deep and sustained. After falling about one-third last year, prices are down an additional 15 percent in the first 12 days of 2016.The cost-cutting announced Tuesday comes as the price of oil...
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