BP Plc will write down the value of its business by as much as USD 17.5 billion, as the British oil major predicts that the coronavirus pandemic will hurt long-term demand and accelerate the shift to cleaner energy.
The company is also undertaking a review of its projects that could result in some oil discoveries being left in the ground.
Get full access for you and your coworkers.Start a free company trial today
Already a member? Log in.