News
02 April 2020

BP to cut spending amid 'most brutal' oil price rout in decades

In:
Oil & gas
Region:
Americas, Europe

BP is braced for an £800 million ($1 billion) financial blow in its first-quarter results and plans to slash its spending by a fifth this year to weather “the most brutal” oil market rout in decades.The oil giant told investors it would cut its annual spending budget by almost a...

Exclusive subscriber content…

If you are a TXF subscriber, please login to continue reading

Login

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to TXF Intelligence contact us

Request Access

You might also like


Perspective
27 November 2025

TXF Dealmakers 2025: Top takeaways

The main themes - including decarbonisation and political volatility - have been echoed in TXF’s earlier events. But the sense of urgency about transformations to economies...

Perspective
01 December 2025

A benchmark in ECA shopping line credits

Euler Hermes’ inaugural shopping line credit under the German government’s new framework heralds a new era in German export finance. The bespoke solution — originated,...