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

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 — 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 2050Photo: AFP/SCANPIX

Rob Watts

London

Published 4 August 2020, 06:12Updated 4 August 2020, 12:18

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