BP sank to a $5.7 billion loss last year — its first in a decade — as lower oil demand caused by the coronavirus pandemic weighed heavily on the UK supermajor's bottom line.
ENERGY EXPLORED: SUBSCRIBE TO ACCELERATE
Gain valuable insight into the global oil and gas industry's energy transition from ACCELERATE, the free weekly newsletter from Upstream and Recharge. Sign up here today.
The loss — also affected by lower oil and gas prices, exploration write-offs and weaker refining margins — compared with a $10 billion profit for 2019.