BP to take up to $17.5 billion hit on lower oil price forecast

Company also reviewing exploration prospects as it looks to transition to net zero emissions by 2050

Bracing for impairments: BP chief executive Bernard Looney — Bracing for impairments: BP chief executive Bernard LooneyPhoto: AFP/SCANPIX

Josh Lewis

Perth

Published 15 June 2020, 07:19Updated 16 June 2020, 13:30

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