BP halves dividend as Covid-19 pandemic hits oil demand – business live | The Guardian

Rolling coverage of the latest economic and financial newsOil giant cuts dividend to 5.25 cents per shareHuge loss posted after Q2 writedownsBP: Covid-19 creating volatile environmentGlobal oil demand tumbled this year 7.34am BST Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.BP halves dividend to invest in green energy. Not a huge surprise, but a major change for investors.The ongoing severe impacts of the COVID-19 pandemic continue to create a volatile and challenging trading environment.Looking ahead, the outlook for commodity prices and product demand remains challenging and uncertain.European Opening Calls:#FTSE 6032 -0.02%#DAX 12677 +0.24%#CAC 4892 +0.32%#AEX 560 +0.32%#MIB 19428 +0.25%#IBEX 6997 +0.31%#OMX 1748 +0.10%#STOXX 3258 +0.31%#IGOpeningCall Continue reading…

Rolling coverage of the latest economic and financial news

• Oil giant cuts dividend to 5.25 cents per share
• Huge loss posted after Q2 writedowns
• BP: Covid-19 creating volatile environment
• Global oil demand tumbled this year

7.34am BST

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.

BP halves dividend to invest in green energy. Not a huge surprise, but a major change for investors.

The ongoing severe impacts of the COVID-19 pandemic continue to create a volatile and challenging trading environment.

Looking ahead, the outlook for commodity prices and product demand remains challenging and uncertain.

European Opening Calls:#FTSE 6032 -0.02%#DAX 12677 +0.24%#CAC 4892 +0.32%#AEX 560 +0.32%#MIB 19428 +0.25%#IBEX 6997 +0.31%#OMX 1748 +0.10%#STOXX 3258 +0.31%#IGOpeningCall

Continue reading…