Oil giant BP swings to a $17 billion loss and slashes its dividend for the first time in a decade as coronavirus turns the energy sector upside down

Business Insider

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· *Energy giant BP reported a loss of $16.8 billion for the second quarter** as it continues to battle the coronavirus pandemic's existential threat to the oil industry.*
· *The UK-based company's overall loss included a $10.9 billion impairment charge related to the pandemic.*
· *BP cut its dividend by 50% to 5.25 cents...

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