BP Halves Dividend, Posts $16.8B Loss in Q2
The energy giant was forced to write down the value of exploration assets by $6.5 billion due in part to the decline in oil and gas prices.
BP Sells Petrochemicals Business to Ineos for $5B
The energy giant said it met its goal to divest $15 billion a year ahead of schedule.
BP Faces $17.5B Q2 Hit
The oil giant lowered its oil price expectations through 2050 due to the COVID-19 pandemic.
BP to Sell Alaska Assets to Hilcorp for $5.6B
The deal is part of the U.K. oil giant’s plan to raise $10 billion in the next two years.
BP to Spin off US Pipeline Assets MLP in IPO
The oil giant is following some of its competitors by selling units in a tax-advantaged master limited partnerhip to the public.
Shell, BP Profits Beat Estimates in 3rd Quarter
The two companies' performance boosts hopes that the industry is adapting to an environment of low oil prices.
BP to Lay Off About 4,000 Workers
The industry may have more capacity to cut as some analysts are projecting depressed crude oil prices through 2016.
BP Escapes Larger Damages With $18B Settlement
The settlement of Deepwater Horizon claims includes a record $5.5 billion in Clean Water Act penalties — about half of what BP might have faced.