BP records mammoth loss as pandemic rattles oil industry ...News

Russia Today - Economy
BP records mammoth loss as pandemic rattles oil industry
source : Russia Today ( News ) () 8
The bloodbath in the energy markets created by the Covid-19 pandemic has left a multi-billion dollar hole in BP’s finances, the oil giant’s quarterly and annual reports have revealed. BP lost $5.7 billion last year, down from a profit of $10 billion in the pre-pandemic 2019, according to data provided by the company on Tuesday. This is worse than analysts’ predictions, which projected BP’s full-year net loss to stand at $4.8 billion.  Also on rt.com Oil demand won't fully recover until 2022 – IHS Markit Despite the oil market’s partial recovery in the se

Hence then, the article about bp records mammoth loss as pandemic rattles oil industry was published today ( ) and is available on Russia Today ( News ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( BP records mammoth loss as pandemic rattles oil industry )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in Economy
China and America Battle for the Future of Limitless Energy
OILPRICE - before 9 hours & 34 minute
KAIJU NO. 8 THE GAME Half Anniversary Round 3: Main Story Chapter 9 and New ★5 Soshiro Hoshina Unveiled. Witness the Power of the New Suit Utilizing Dimensional Energy and Claim Campaign Rewards!
PR Newswire - before 11 hour & 17 minute
Middle Eastern Oil Giants Accelerate Multibillion-Dollar Clean Energy Push
OILPRICE - before 6 hours & 37 minute
OPEC+ Approves Modest Output Hike as Iran War Jolts Oil Markets
OILPRICE - before 10 hours & 38 minute
How China’s Rare Earth Ban Backfired into a U.S. Tech Breakthrough
OILPRICE - before 2 hours & 35 minute
BP Boosts Shale Output in Pivot to Global Upstream Growth
OILPRICE - before 5 hours & 32 minute
The Battle to Bring Green Steel to Market
OILPRICE - before 11 hour & 31 minute
China’s Oil Buying Spree May Be Running Out of Steam
OILPRICE - before 3 hours & 32 minute
Young homeowners who used bank of mum and dad ‘pressured to live near parents’
INDEPENDENT - before 3 hours & 15 minute
Yonyou Unveils the Large Ontology Model (LOM): Forging a Deep-Thinking Digital Core for the Enterprise
PR Newswire - before 2 hours & 10 minute
Oil Prices Soar Amid Escalating Middle East Conflict
OILPRICE - before hour & 28 minute


Latest News

Oil Prices Soar Amid Escalating Middle East Conflict

before hour & 28 minute

Sabre Corporation Adopts Limited-Duration Shareholder Rights Plan

before hour & 56 minute

Yonyou Unveils the Large Ontology Model (LOM): Forging a Deep-Thinking Digital Core for the Enterprise

before 2 hours & 10 minute

How China’s Rare Earth Ban Backfired into a U.S. Tech Breakthrough

before 2 hours & 35 minute

Young homeowners who used bank of mum and dad ‘pressured to live near parents’

before 3 hours & 15 minute

China’s Oil Buying Spree May Be Running Out of Steam

before 3 hours & 32 minute

Regional Affairs Expert to "Saba": American-Zionist Aggression on Iran is Part of Scheme Targeting Nation

before 5 hours & 28 minute

BP Boosts Shale Output in Pivot to Global Upstream Growth

before 5 hours & 32 minute

Middle Eastern Oil Giants Accelerate Multibillion-Dollar Clean Energy Push

before 6 hours & 37 minute

China and America Battle for the Future of Limitless Energy

before 9 hours & 34 minute

Public Storage and Welltower Announce Strategic Data Science Partnership to Advance Application of AI in Real Estate Investing

before 10 hours & 11 minute

OPEC+ Approves Modest Output Hike as Iran War Jolts Oil Markets

before 10 hours & 38 minute

KAIJU NO. 8 THE GAME Half Anniversary Round 3: Main Story Chapter 9 and New ★5 Soshiro Hoshina Unveiled. Witness the Power of the New Suit Utilizing Dimensional Energy and Claim Campaign Rewards!

before 11 hour & 17 minute

The Battle to Bring Green Steel to Market

before 11 hour & 31 minute

Saudi stocks plunge over 4% at open amid Iran tensions

before 13 hour & 24 minute