Comment on BP to restructure as oil prices plunge

BP to restructure as oil prices plunge

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.

 

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