British oil company British Petroleum (BP) incurred a record loss of $ 6.7 billion in the second quarter of the year, which made it reduce its distributions for the first time in ten years; As the Corona crisis has reduced energy demand.
According to Reuters, the net loss, which is in line with analysts ’expectations, is due to the company’s decision to reduce the value of assets for oil and gas exploration by $ 6.5 billion after it sharply reduced its forecasts. For oil and gas prices.
The company's loss amounted to $ 6.7 billion, which is almost in line with expectations of incurring $ 6.8 billion in a poll of analysts conducted by the company itself.
This comes compared to a profit of $ 2.8 billion in the corresponding period a year ago and $ 791 million in the first quarter of this year.
Chief Executive Bernard Looney, who took office in February, avoided a dip in the first quarter despite deteriorating market conditions.
(Fun Knowledge of Knowledge)
