Daily News: Bp Posted A Net Loss of $16.8bn in the Second Quarter, Cutting Its Dividend For the First Time in A Decade
Pub Date:Sep 17,2020 | Views:390 |
Bp Posted A Net Loss of $16.8bn in the Second Quarter, Cutting Its Dividend For the First Time in A Decade
BP reported a net loss of $16.8 billion in the second quarter and cut its dividend in half for the first time in 10 years.
The company said its second-quarter results included a one-time charge of $10.9bn, mainly because of writedowns on items due to plunging oil prices.
Excluding one-time items, the company lost $6.7bn in underlying replacement costs in the second quarter, compared with a profit of $2.8bn a year earl
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