London (AFP) - British energy giant BP on Wednesday announced a major restructuring of the company's operations faced with sliding revenues from plunging oil prices.BP said it would take a restructuring charge totalling about $1.0 billion (800 million euros) over the next year "as part of its wider ongoing group-wide programme to simplify across its upstream and downstream activities and corporate functions".It added it would provide further details in upcoming earnings statements.
BING NEWS:
- News updates from November 8: Trump asks Lightizer to run US trade policy; Israel sends aircraft to Amsterdam after violence
The S&P 500 topped 5,000 points for the first time on February 8 and has gained more than 25 per cent so far in 2024. The Nasdaq Composite was less than 0.1 per cent lower, easing from Thursday’s ...
11/8/2024 - 10:14 am | View Link - OPEC+ Tapering Mechanisms Will Continue To Dictate Oil Prices
Commodity experts at Standard Chartered have predicted that actions by OPEC+ are likely to determine the near-and mid-term oil price trajectory ...
11/7/2024 - 12:09 pm | View Link - Oil prices end higher as traders weigh potential Trump policies
Oil futures finished higher on Thursday, recouping their losses from a day earlier and then some, as traders continued to tackle uncertainty surrounding incoming U.S. President Donald Trump’s impact ...
11/7/2024 - 7:26 am | View Link - Oil Prices Drop After Trump Victory
Oil prices fell as Donald Trump secured the presidency. Brent, the global benchmark for crude oil, fell nearly 2% to trade a little over $74 a barrel. West Texas Intermediate, the U.S. equivalent, ...
11/6/2024 - 9:29 pm | View Link - Citi Sees Oil Prices Dropping to $60 Under Trump
Analysts predict lower oil prices next year due to factors including import tariffs and potential production increases under the new US administration.
11/6/2024 - 8:54 pm | View Link - More
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