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BP wipes up to $17.5 billion from assets with bleaker oil outlook

BP will write off up to $17.5 billion from the value of its assets after cutting its long-term oil and gas price forecasts, betting the COVID-19 crisis will cast a lasting chill on energy demand and accelerate a shift away from fossil fuels.

    

Written by

Peter Zirbes, ESQ. A Full Service Law Office 718 544 6300