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Nairaland Forum / Nairaland / General / Business / BREAKING: BP Records $4.4bn Quarterly Loss As Oil Prices Crash (518 Views)
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BREAKING: BP Records $4.4bn Quarterly Loss As Oil Prices Crash by ogododo: 8:42am On Apr 28, 2020 |
BP on Tuesday said it slumped into a $4.4-billion net loss in the first quarter as the coronavirus pandemic crushed demand for oil. “The economic impact of the COVID-19 pandemic coupled with pre-existing supply and demand factors have resulted in an exceptionally challenged commodity environment,” the British energy giant said in a statement, having reported profit after tax of $2.9 billion in the first-quarter of 2019. Details soon https://punchng.com/breaking-bp-records-4-4bn-quarterly-loss-as-oil-prices-crash/ |
Re: BREAKING: BP Records $4.4bn Quarterly Loss As Oil Prices Crash by ogododo: 8:47am On Apr 28, 2020 |
BP don cast, don enter Red. Dominique |
Re: BREAKING: BP Records $4.4bn Quarterly Loss As Oil Prices Crash by Aidejay(m): 8:51am On Apr 28, 2020 |
Now the oil industry is in distress. What pains me more is that despite over 2 decades of oil boom, Nigeria still has to borrow from IMF. |
Re: BREAKING: BP Records $4.4bn Quarterly Loss As Oil Prices Crash by ogododo: 10:27am On Apr 28, 2020 |
Aidejay: Na so oyel companies comot for Warri 1 Like |
(1) (Reply)
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