{"id":366269,"date":"2020-08-05T10:09:10","date_gmt":"2020-08-05T04:39:10","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=366269"},"modified":"2020-08-05T10:24:13","modified_gmt":"2020-08-05T04:54:13","slug":"bp-reports-2nd-qtr-loss-after-major-write-downs-halves-dividend","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/bp-reports-2nd-qtr-loss-after-major-write-downs-halves-dividend\/","title":{"rendered":"BP reports 2nd-qtr loss after major write downs, halves dividend"},"content":{"rendered":"<p>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. The U-turn in its dividend policy was expected after European peer Royal Dutch Shell Plc slashed its own payout in April. Big Oil\u2019s generous dividends have long been its main attraction to shareholders, and the move \u2014 hastened by the virus but made inevitable by the transition to cleaner energy \u2014 redraws the company\u2019s investment profile. <\/p>\n<p>BP paired the payout news with more details for investors of its net-zero strategy \u2014 bringing forward announcements expected in September.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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. The U-turn in its dividend policy was expected after European peer Royal Dutch Shell Plc slashed its own payout in April. Big Oil\u2019s generous dividends have long been its main attraction to shareholders, and the move \u2014 hastened by the virus but made inevitable by the transition to cleaner energy \u2014 redraws the company\u2019s investment profile. BP paired the payout news with more details for investors of its [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-366269","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/366269","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=366269"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/366269\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=366269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=366269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=366269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}