The net loss, which was in line with analysts’ expectations, was largely a result of BP’s decision to wipe $6.5 billion off the value of oil and gas exploration assets after it revised sharply lower its oil and gas price forecasts.
The net loss, which was in line with analysts’ expectations, was largely a result of BP’s decision to wipe $6.5 billion off the value of oil and gas exploration assets after it revised sharply lower its oil and gas price forecasts.