A BP Plc logo sits on a totem sign at filling station in Cambridge, U.K., on Monday, June 8, 2020. BP Plc plans to cut 10,000 jobs as the coronavirus pandemic accelerates the company's move to slim down for the energy transition. Photographer: Jason Alden/Bloomberg
LONDON: BP cut its dividend for the first time in a decade after a record $6.7 billion second quarter loss when the coronavirus crisis hammered fuel demand and it sought to win over investors by speeding up its reinvention as a lower carbon company.
Its shares rose 6% in early trading on Tuesday.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
