BP halves dividend as Covid-19 turmoil pushes oil major to loss

BP said over the next decade it aims to increase its annual low carbon investment 10-fold BP said over the next decade it aims to increase its annual low carbon investment 10-fold © REUTERS

BP slashed its dividend for the first time since the Deepwater Horizon disaster in 2010 as the oil major accelerates a strategic overhaul of its business under a new chief executive in the wake of the severe hit to industry finances from the coronavirus pandemic.