BP slashes capital spending in 2020 due to COVID-19, expects outbreak to hurt downstream results

BP slashes capital spending in 2020 due to COVID-19, expects outbreak to hurt downstream results
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05.06.2020

MOSCOW (MRC) -- BP says it will reduce its planned organic capital spending in 2020 to about USD12 billion as part of its response to the coronavirus disease 2019 (COVID-19) pandemic, down 25% compared with the company's prior full-year guidance, with an expected spending cut of about USD1 billion in its downstream business segment, which includes petrochemicals, reported Chemweek.No fur

Full article at mrcplast.com

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