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BP stock surged on Tuesday, despite the oil giant cutting its dividend for the first time in a decade after reporting a $16.8 billion second quarter loss.
BP PLC cut its dividend in half for the first time since 2010 after posting a $16.8 billion loss in the second quarter, as the energy giant expects weaker
BP plc said Tuesday it plans to slash dividends as the global oil company prepares for declining sales of fossil fuels by boosting investment in alternative energy projects.
BP plans to cut its oil and gas production by 40 percent over the next decade to meet its net-zero emissions goal by 2050.
The oil major is slashing dividends and selling assets to fund the energy transition. Its promise to generate high returns as a result merits skepticism.
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It was an unusual day in London stock-market trade on Tuesday, where the company that preserved its dividend fell while the company that cut its payout in...
Dow futures were indicating an opening decline of around 90 points as coronavirus relief talks persist, Disney set to report earnings after the bell.
BP Plc slashed its dividend for the first time in a decade and set out new targets to accelerate its shift to greener energy after the coronavirus pandemic upended the oil business.
This £57bn FTSE 100 stalwart has just halved its dividend. However, I'd buy and hold its shares for the 5.4% dividend that still remains.
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BP announces pivot to become 'integrated energy company' as it pledges to cut oil and gas production by 40 per cent and ramp up clean energy and technology investment after suffering record loss in th
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Oil giant BP plunges into $16.8-bn quarterly loss
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