Watch VideoBP announced Monday it's cutting the value of its oil and gas assets by as much as $17.5 billion.
In a statement, the London-based company said the coronavirus pandemic could have an "enduring impact on the global economy, with the potential for weaker demand for energy for a sustained period."
It said it would...
BP Revised The Value Of Its Assets Amid Reduced Demand For Oil
Newsy
0 shares
1 views
You might like
Related news coverage
Shell cuts its valuation $22 billion as it battles the impacts of the coronavirus on the oil industry
Business Insider
· Oil major Shell says it is writing down the value of its assets by up to $22 billion as it adjusts to oil's historic crash in..
Advertisement
More coverage
BP slashed its valuation by almost $18 billion as it adjusts to oil's pandemic era new normal
Business Insider
· *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..
-
Occidental to take writedown of up to $9bn as low oil prices bite
FT.com
-
Why The $17.5 Billion Write-Down Is Just The Beginning For BP
OilPrice.com
-
BP wipes up to $17.5 billion from assets with bleaker oil outlook
Reuters India
-
BP cuts up to $17.5 billion from assets' value with bleaker oil outlook
Reuters India