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BP is hit hard by the oil market crisis

2020-08-04T07:01:18.317Z


The British hydrocarbon giant reported a net loss of $ 16.8 billion in the second quarter.British hydrocarbon giant BP on Tuesday unveiled a net loss of $ 16.8 billion in the second quarter, the result of massive asset write-downs relating to the oil market crisis. The group, which has already announced the loss of 10,000 jobs, intends to adapt to oil prices durably weighed down by a drop in demand due to the pandemic. It also announces a sharp drop in its dividend in order to preserv...


British hydrocarbon giant BP on Tuesday unveiled a net loss of $ 16.8 billion in the second quarter, the result of massive asset write-downs relating to the oil market crisis.

The group, which has already announced the loss of 10,000 jobs, intends to adapt to oil prices durably weighed down by a drop in demand due to the pandemic. It also announces a sharp drop in its dividend in order to preserve its finances.

Source: lefigaro

All business articles on 2020-08-04

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