BP slashed its valuation by almost $18 billion as it adjusts to oil's pandemic era new normal

· *BP said it expects to undertake a huge reduction in asset value in the range of $13 billion to $17.5 billion as the energy giant revised its long-term energy price assumptions.*
· *After weighing its ambitions to transition to a net-zero carbon company by 2050 and the impact of the COVID-19 pandemic, BP said it expects...