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 May 2026

FEX: Reversing the brain drain

The Future of Export Finance (FEX) network continues to expand its international footprint, with chapters across Finland, the UK, France, the GCC, the Netherlands and DACH...

Perspective
02 June 2026

ECA market mourns untimely loss of industry giant Vineyesh...

The global export credit agency and project finance community is mourning the untimely passing of Vineyesh “Vinny” Sawhney, Senior Vice President of Reliance Industries, who...