LONDON– BP PLC is jotting down as much as $175 billion of its assets and might leave a few of its oil and gas in the ground due to the fact that of lower energy costs and compromised need in the middle of the worldwide crisis caused by the unique coronavirus.
The British energy giant sees the pandemic– which triggered across the country shutdowns and drove U.S. oil prices into negative area– having an enduring financial effect, resulting in fragile energy need and sinking costs. The infection will likewise accelerate the world’s shift to a lower carbon economy, BP stated, …
source https://jobsearchtips.net/bp-takes-17-5-billion-write-down-expects-oil-price-to-stay-low/
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