BP to slash oil asset value by $17.5bn as it predicts faster net zero shift

Michael Holder
clock • 3 min read

Oil and gas giant warns of 'enduring impact' of Covid-19 crisis which it expects will accelerate transition to net zero economy

BP expects to slash the value of its oil assets by as much as $17.5bn in the wake of the coronavirus crisis, as the company today predicted the pandemic is likely to have an "enduring impact" on the global...

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