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


Video
29 October 2025

10 mins with: PuiYin Tham, Marubeni

TXF spoke with PuiYin Tham, vice president of business development at Marubeni to outline the benefits of taking the ECA funding route and how the Japanese developer’s deal...

Perspective
31 October 2025

Aliança Energia: Vale taps GIP’s firepower

Global Infrastructure Partners' $1 billion swoop for Aliança Energia highlights the changing structure of Brazil's electricity market. Big commodities producers and...