BP to cut spending amid 'most brutal' oil price rout in decades

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BP to cut spending amid 'most brutal' oil price rout in decades
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  • 📰 The Guardian
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Budget to be slashed, including $1bn less on US shale projects, on back of coronavirus crisis

BP is braced for a $1bn financial blow in its first-quarter results and plans to slash its spending by a fifth this year to weather “the most brutal” oil market rout in decades.

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