Finance

'A tough quarter at the end of a tough year': BP plunges to $5.7bn loss in 2020

UK supermajor says lower prices, writedowns, reduced margins and waning demand hurt annual results

Tough year: BP chief executive Bernard Looney
Tough year: BP chief executive Bernard LooneyPhoto: REUTERS/SCANPIX
  • Rob Watts
London
Published 2 February 2021, 07:14Updated 2 February 2021, 15:20
BPBernard LooneyUKEuropeWestern Europe