{"id":366288,"date":"2020-08-05T10:10:45","date_gmt":"2020-08-05T04:40:45","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=366288"},"modified":"2020-08-05T10:46:33","modified_gmt":"2020-08-05T05:16:33","slug":"bp-halves-dividend-after-record-6-7-billion-loss-in-second-quarter","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/bp-halves-dividend-after-record-6-7-billion-loss-in-second-quarter\/","title":{"rendered":"BP halves dividend after record $ 6.7 billion loss in second quarter"},"content":{"rendered":"<p>LONDON (Reuters) &#8211; BP cut its dividend on Tuesday for the first time in a decade after reporting a record $6.7 billion loss in the second quarter as the coronavirus crisis hammered energy demand. <\/p>\n<p>The London-based company separately outlined plans to sharply reduce its oil and gas output by 2030 and boost its renewable power generation under CEO Bernard Looney&#8217;s strategy to &#8220;reinvent&#8221; BP in line with a global transition to low-carbon energy. <\/p>\n<p>The net loss, which was in line with analysts&#8217; expectations, was largely a result of BP&#8217;s decision to wipe $6.5 billion off the value of oil and gas exploration assets after it revised sharply lower its oil and gas price forecasts.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON (Reuters) &#8211; BP cut its dividend on Tuesday for the first time in a decade after reporting a record $6.7 billion loss in the second quarter as the coronavirus crisis hammered energy demand. The London-based company separately outlined plans to sharply reduce its oil and gas output by 2030 and boost its renewable power generation under CEO Bernard Looney&#8217;s strategy to &#8220;reinvent&#8221; BP in line with a global transition to low-carbon energy. The net loss, which was in line with analysts&#8217; expectations, was largely a result of BP&#8217;s decision to wipe $6.5 billion off the value of oil and [&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-366288","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\/366288","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=366288"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/366288\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=366288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=366288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=366288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}