{"id":380933,"date":"2020-10-28T09:22:38","date_gmt":"2020-10-28T03:52:38","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=380933"},"modified":"2020-10-28T09:50:55","modified_gmt":"2020-10-28T04:20:55","slug":"bp-reports-quarterly-net-loss-of-450-million","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/bp-reports-quarterly-net-loss-of-450-million\/","title":{"rendered":"BP reports quarterly net loss of $450 million"},"content":{"rendered":"<p>British energy giant BP on Tuesday reported a net loss of $450 million for the third quarter, down very sharply on the previous quarter&#8217;s mammoth losses due to the coronavirus pandemic. <\/p>\n<p>The loss after tax for the July-September period, helped by a slow recovery in oil demand and steadier prices, compared with a net loss of $16.85 billion in the second quarter.<\/p>\n<p>&#8220;The underlying business performance in the (third) quarter remained resilient and we made substantial progress in strengthening our balance sheet,&#8221; BP chief financial officer Murray Auchincloss said in the earnings statement.<\/p>\n<p>BP is axing 10,000 jobs, or 15 per cent of its global workforce, after the pandemic caused huge asset writedowns.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>British energy giant BP on Tuesday reported a net loss of $450 million for the third quarter, down very sharply on the previous quarter&#8217;s mammoth losses due to the coronavirus pandemic. The loss after tax for the July-September period, helped by a slow recovery in oil demand and steadier prices, compared with a net loss of $16.85 billion in the second quarter. &#8220;The underlying business performance in the (third) quarter remained resilient and we made substantial progress in strengthening our balance sheet,&#8221; BP chief financial officer Murray Auchincloss said in the earnings statement. BP is axing 10,000 jobs, or 15 [&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":[146,130,177],"tags":[],"class_list":["post-380933","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/380933","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=380933"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/380933\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=380933"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=380933"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=380933"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}