In Money Matters

BP cuts the yearly dividend payment

4th August 2020

The British oil and gas company BP suffered a major loss due to the COVID-19 crisis in the second quarter. The company therefore cut the dividend and that was the first time since 2010, when BP has faced the consequences of an oil spill in the Gulf of Mexico with the infamous Deepwater Horizon platform.

BP’s loss in the reporting …

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by Matthew Patridge

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