BP PLC released Covid-19 and market update

April 01, 2020 10:42 PM BST | By Team Kalkine Media

BP PLC (LON: BP.) has announced disinvestment of USD 15 billion.

  • Reported financial implications of Covid-19 over the first quarter 2020.
  • Received USD 3.4 billion of cash proceeds.
  • Reduced capital expenditure for 2020 by 25% below full-year guidance at USD 12 billion.
  • On 1st April 2020, at the time of writing, GMT 10:15 AM, shares were trading at GBX 337.95, down by 6.25 points or 1.82% against the previous day closing price.

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