BP's market value drops to 26-year low

The British firm suffers under unfavorable winds in the oil industry, with both the coronavirus and sentiments on oil companies having affected demand.


British oil company BP's market value has dropped below GBP 2 per share, the first time since 1994, The Guardian reports.

The company is currently worth approximately GBP 40.5 billion and as such significantly less than, for instance, Danish utility Ørsted, whose offshore wind business has more than doubled the group's market value in two years, to GBP 51 billion.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Further reading

Related articles

Latest News

See all jobs