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...

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