New direction: BP chief executive Bernard Looney speaks during an event in London in February where he declared the company's intentions to achieve "net zero" carbon emissions by 2050 Photo: AFP/SCANPIX

BP plunges to $6.7 billon loss, cuts dividend as it lays out 10-year strategy

UK supermajor slumps into red on gloomy reassessment of outlook for oil prices

4 August 2020 6:12 GMT Updated  4 August 2020 12:18 GMT
 in    London